Filed Under:Markets, Workers Compensation

Bernanke Blames 'Shadow-Banking' System for Financial Crisis; Ties It to AIG

NU Online News Service, April 13, 2:08 p.m. EDT

Federal Reserve Board Chairman Ben Bernanke characterized American International Group as part of a “shadow banking” system that played a key role in the catastrophic economic downturn of 2007-2009.

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