Bernanke Takes the Stand, Defends Terms of AIG Bailout

Oct. 9 (Bloomberg) -- Former Federal Reserve Chairman Ben Bernanke, testifying at a trial over the 2008 bailout of AIG, said he didn’t know at the time the basis for what’s been called a “crazily high” interest rate the government charged the insurer. Bloomberg's Peter Cook reports on "Street Smart." (Source: Bloomberg)

China Begins Privatization Push
57:55 - China is continuing to overhaul its bloated state-owned enterprise sector with a share sale at its second largest mobile carrier. Tech leaders Tencent and Alibaba are among those buying the 35% stake in China Unicom. Bloomberg's Stephen Engle and Tom Mackenzie report on "Bloomberg Markets: Asia." (Source: Bloomberg)
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