Geithner: AIG Bailout Terms Had to Be Unattractive

The transcript covers the ongoing trial involving David Boyce and Tim Geithner, with Ben Bernanke also arriving for testimony. Geithner's testimony focuses on the AIG bailout during the financial crisis, discussing the risks and terms of the agreement. The government questions Geithner on whether the terms were too harsh on shareholders. The coverage is provided by Peter Cook, summarizing the unfolding events.

Who joined Tim Geithner at the courthouse for the trial?

• Matt Gardner

• David Boies

• Ben Bernanke

• Peter Cook

What was Tim Geithner's initial stance on the AIG bailout?

• He was opposed throughout

• He was reluctant at first

• He was indifferent

• He was eager to proceed

What did Geithner believe about the risks of the AIG bailout?

• There were no risks involved

• The risks were minimal

• The risks were exaggerated

• There were substantial risks of losing billions

What was the main concern regarding the terms of the bailout agreement?

• It favored future firms

• It was too harsh on shareholders

• It was too lenient on shareholders

• It was not legally binding

Why were the conditions of the bailout made tough according to Geithner?

• To attract more firms

• To comply with legal standards

• To ensure a quick recovery

• To prevent undue windfall for shareholders