16.06.2015 - 04:37 [ Age ]

Surprise AIG ruling puts future US bailouts in doubt

The judge´s decision could have far-reaching consequences should another financial crisis occur – and if history is any guide, one will. Legal experts say that the ruling, coupled with certain provisions of the Dodd-Frank financial overhaul law enacted after the crisis, makes it unlikely the government would ever rescue a failing institution, even if an intervention was warranted.