In response to TARP Special Inspector Neil Barofsky's scathing report that accused the Fed of...

|By:, SA News Editor
In response to TARP Special Inspector Neil Barofsky's scathing report that accused the Fed of mishandling the AIG (AIG) bailout, the Fed responds that the terms of the $85B bailout were appropriate given the severity of the crisis, and that leaning on domestic institutions would have been a "misuse of our supervisory authority" and provided an advantage to foreign institutions.