Given the extent of the exposures of major banks around the world to A.I.G., and in light of the extreme fragility of the system, there was a significant risk that A.I.G.’s failure could have sparked a global banking panic. — Ben Bernanke

Tags: #Light, #Risk, #Banking, #BenBernanke, #American, #PublicServant

Mini who’s who:

Ben Bernanke : American Public Servant
Born:  December 13, 1953