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FEDERAL JUDGE: Former AIG CEO Can Call Ben Bernanke To Testify In Bailout Lawsuit
FEDERAL JUDGE: Former AIG CEO Can Call Ben Bernanke To Testify In Bailout Lawsuit
Matthew BoeslerJul 29, 2013, 20:36 IST
REUTERS/James Lawler DugganU.S. Federal Reserve Chairman Ben Bernanke arrives to deliver his semi-annual monetary policy report to Congress before the House Financial Services Committee in Washington, July 17, 2013.A federal judge has ruled that Federal Reserve Chairman Ben Bernanke should not be kept from testifying in a lawsuit by former AIG CEO Hank Greenberg against the U.S. government over the bailout AIG received in 2008.
Judge Thomas Wheeler of the U.S. Court of Federal Claims rejected the government's effort to keep Bernanke from being deposed, saying the Fed chairman was a "central figure" in the decision to bail out AIG.
"Indeed, the court cannot fathom having to decide this multi-billion dollar claim without the testimony of such a key government decision maker," Wheeler wrote. "These facts constitute 'extraordinary circumstances' for the taking of Mr. Bernanke's deposition."
