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Monday, July 29, 2013

Bernanke To Be Deposed In Court Over AIG Bailout

Subject: AIG BACK IN THE NEWS...

Just Rec.

Bernanke To Be Deposed In Court Over AIG Bailout

Tyler Durden's picture
Submitted by Tyler Durden on 07/29/2013 10:55 -0400

Bernanke still hasn't picked what non-extradition country he will move to
following his Federal retirement, and already the storm clouds are brewing
overhead.
  • U.S. JUDGE SAYS EX-AIG CEO GREENBERG SHOULD BE PERMITTED TO DEPOSE FED CHAIRMAN BERNANKE OVER INSURER'S BAILOUT -- COURT RULING
     
  • U.S. COURT OF FEDERAL CLAIMS JUDGE THOMAS WHEELER SAYS THERE ARE "EXTRAORDINARY CIRCUMSTANCES" FOR TAKING OF BERNANKE'S DEPOSITION
More from Reuters:

Federal Reserve Chairman Ben Bernanke should testify in the lawsuit by
American International Group Inc's (AIG.N) former chief Maurice "Hank"
Greenberg against the United States over the insurer's 2008 bailout, a judge
ruled on Monday.

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."


Greenberg's Starr International Co,
which once had a 12 percent stake in AIG, is
suing over the government's taking of a 79.9 percent stake in the insurer in September
2008 and a separate 1-for-20 reverse stock split in June 2009.

Too bad Bernanke's predecessor, who is just as culpable for the AIG collapse
and bailout,
won't be sitting next to the Chairsatan or else we would very soon have a
great reason to roll out the following image:

:
Use your masterful powers of thought,
visualization and verbal intent to
Co-create a peaceful world now...

dolphins 3


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