Press Release

June 15, 2015 Federal Reserve releases statement on court's decision in Starr International Company, Inc. v. the United States For immediate release Share The Federal Reserve strongly believes that its actions in the AIG rescue during the height of the financial crisis in 2008 were legal, proper and effective.  The court's decision today in Starr International Company, Inc. v. the United States recognizes that AIG's shareholders are not entitled to compensation for that decision, and that the Federal Reserve's extension of credit to AIG prevented losses to millions of policyholders, small businesses, and American workers who would have been harmed by AIG's collapse during the financial crisis.  The terms of the credit were appropriately tough to protect taxpayers from the risks the rescue loan presented when it was made.

Federal Reserve (2015, June 14). Press Release. Press Releases, Federal Reserve. https://whenthefedspeaks.com/doc/press_release_20150615_federal_reserve_releases_statement_on_courts

@misc{wtfs_press_release_20150615_federal_reserve_releases_statement_on_courts,
  author = {Federal Reserve},
  title = {Press Release},
  year = {2015},
  month = {Jun},
  howpublished = {Press Releases, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/press_release_20150615_federal_reserve_releases_statement_on_courts},
  note = {Retrieved via When the Fed Speaks corpus}
}