scorecard
  1. Home
  2. Home
  3. 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 Boesler   

FEDERAL JUDGE: Former AIG CEO Can Call Ben Bernanke To Testify In Bailout Lawsuit
Home1 min read

ben bernanke

REUTERS/James Lawler Duggan

U.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.

Reuters reports:

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."

Read the rest at Reuters >

READ MORE ARTICLES ON


Advertisement

Advertisement