AIG Bailout Trial: Bernanke Testifies Insurance Giant Was On 'Brink Of Failure'

Former U.S. Federal Reserve Chairman Ben Bernanke said American International Group Inc. was on the brink of failure when the federal government approved a $85 billion rescue loan at the height of the 2008 financial crisis. Bernanke said during court testimony Friday that at the time he wasn't passing judgment on whether the insurance giant had been mismanaged or not.