Bernanke Vents About AIG

In his testimony today on Capitol Hill, Federal Reserve Chairman Ben Bernanke showed his frustration with the numerous AIG (NYSE: AIG) bailouts. Bernanke said the rescue of AIG has made him more angry than any other rescue.

Bernanke said AIG's Financial Service unit was basically a hedge fund operating in a traditional insurance company. Bernanke said they had no choice but to step in to rescue AIG to stabilize the system.