Senator Ron Wyden interviewed Bernanke yesterday regarding the AIG bailout, it’s failure and why taxpayers aren’t allowed to know where bailout dollars are going .   At 1:00 Bernanke states that we regrettably have a significant public investment in the failure.

About 4:00 into the video Bernanke says:

I think if there’s a single episode in this entire 18 months that has made me angry, I can’t think of one more than AIG.”

Officials had no choice but to act, he told lawmakers, since an AIG failure would have sent “shock waves” through the global economy.

So U.S. taxpayers are forced to invest in a failure on behalf of the global economy with no transparency as to where the money went.

HR 1207 : Federal Reserve Transparency Act of 2009 was introduced in the House to force the release of this information.  Minnesota’s own Michelle Bachman is a sponsor.  Contact your Reps. and get their names added.