Monday, July 29, 2013

Bernanke To Be Deposed In Court Over AIG Bailout

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.
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:

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Mon, 07/29/2013 - 11:08 | 3796722 salimmk
salimmk's picture
Captivating stuff, can't wait to see what happens next...

Good luck to the judge telling a private bank what to do. Does he think that the Fed is part of the government or something? I've got news for you judge, ITS NOT! Looks like the sheeple are starting to realize that its the private bankers who got us into this mess and if we don't do what they want then we won't get the 2nd bailout that we need.
Mon, 07/29/2013 - 11:16 | 3796754 Pladizow
Pladizow's picture
----> Odds of being deposed less than zero
----> Odds of being deposed greater than zero
Mon, 07/29/2013 - 11:26 | 3796788 LetThemEatRand
LetThemEatRand's picture
Even if he's deposed, the testimony will be sealed from public view on confidentiality, national security, business secrets, and a myriad of other grounds, and the Bernank's lawyers will also object to every question and instruct him not to answer most of the ones we'd be interested in.
Mon, 07/29/2013 - 11:31 | 3796807 Scarlett
Scarlett's picture
>>> Bernanke still hasn't picked what non-extradition country he will move to following his Federal retirement

His only option is Zimbabwe
Mon, 07/29/2013 - 11:23 | 3796777 loonyleft
loonyleft's picture
Looks like the sheeple are starting to realize that its the private bankers who got us into this mess and if we don't do what they want then they won't get their 2nd time at the trough and we won't get the 2nd ass raping
Mon, 07/29/2013 - 11:08 | 3796730 thecoloredsky
thecoloredsky's picture
Who does this judge think he is?
Mon, 07/29/2013 - 11:10 | 3796738 FuzzyDunlop21
FuzzyDunlop21's picture
Check must have bounced. Must print moar
Mon, 07/29/2013 - 11:18 | 3796761 Ban KKiller
Ban KKiller's picture
He will get the recopy of Mr. Eric Holder's memo in which our AG tells us that banks/financial institutions are above the law, too big to prosecute meaningfully, too big to jail but just the right size to rule America.
Oh...if you are searching for a name to this it is called Fascism. Police today even have the Black Shirts.
Mon, 07/29/2013 - 11:09 | 3796732 _ConanTheLibert...
_ConanTheLibertarian_'s picture
Bernanke To Be Deported Over AIG Bailout
There, fixed it for ya.
Mon, 07/29/2013 - 11:09 | 3796735 MyBrothersKeeper
MyBrothersKeeper's picture
You must be kidding. No way those 2 pathological liars would ever plead the fifth.  Their egos would not allow it.  They simply believe they are smarter than anyone else and can successfully lie to anyone.
Mon, 07/29/2013 - 11:11 | 3796736 Dr. Engali
Dr. Engali's picture
Judge: Do you swear to tell the truth the whole truth and nothing but the truth?
Bernank: If by truth you mean by the way I see things through the eyes of a lying corrupt counterfeiter of money  then yes.
Mon, 07/29/2013 - 11:26 | 3796794 LetThemEatRand
LetThemEatRand's picture
I hereby swear that I will tell the least big lie that the question permits.
Mon, 07/29/2013 - 11:40 | 3796826 francis_sawyer
francis_sawyer's picture
Judge Weingoldbaumstein: "Do you swear to tell the truth the whole truth and nothing but the truth?"
The Bernank: "Not Literally"
Mon, 07/29/2013 - 11:33 | 3796815 TrustWho
TrustWho's picture
Bernank: :"Just so you know, the Fed does not print money, literally."
Judge: "To be clear, that is NOT, repeat NOT, the whole truth and nothing but the truth and you pull that shit in my court your ass is going to jail for perjury and contempt of asshole"

Mon, 07/29/2013 - 11:10 | 3796737 betterlockaway
betterlockaway's picture
can u say settlement  ASAP
Mon, 07/29/2013 - 11:12 | 3796741 Chupacabra-322
Chupacabra-322's picture
Wouldn't be surprised if the who,e Lucerferian court house bursts into flames with this evil cock sucker.
Mon, 07/29/2013 - 11:15 | 3796748 Azannoth
Azannoth's picture
This judge needs to check his car breaks before every trip, get rid of all sharp objects from his house never use a bathroom un-assisted and wear this Anti-Bear Suit at all times
Mon, 07/29/2013 - 11:16 | 3796757 medium giraffe
medium giraffe's picture
Someone ring Corzine and tell him to reserve a deck chair for Uncle Ben.
Mon, 07/29/2013 - 11:25 | 3796765 ebworthen
ebworthen's picture
"I did nothing wrong, I was acting in consultation with Hank Paulson, I saved the economy from Great Depression II, without the FED and I all insurers and banks would have collapsed - and Global Warming would have melted the polar ice caps - of water)...oh yeah, I plead the Fifth."
Mon, 07/29/2013 - 11:22 | 3796776 B2u
B2u's picture
------> Odds of judge meeting an untimely demise.
------> Odds of Bernanke testifying
Mon, 07/29/2013 - 11:28 | 3796800 q99x2
q99x2's picture
Greenberg. now there's a prime specimen of a human rat.
Maybe it will become known as the Rat trials.
This country is going down. It has never been weaker except during the revolutionary war. All that crap coming out about NSA security and DHS. This place is imploding of its own accord and the degenerates in Washington are derelict in their duties (they've been paid and have taken the money like cheap hookers in exchange for treason.)
Mon, 07/29/2013 - 11:30 | 3796806 halfawake
halfawake's picture
indeed.. i think this thing really breaks down when the folks who thought they were on the "inside" figure out they weren't, and start firing shots. the real fireworks will be when the rich fire on the richer, and vice versa. the sheep still have their twinkies and kardashians for the next few years, so they're good for now. we'll see how strong the squid is.
Mon, 07/29/2013 - 11:39 | 3796824 the grateful un...
the grateful unemployed's picture
not a government investigation does bernanke have any immunity as a government employee? why didnt they depose paulsen? and goldman pulled the rug out from under AIG, where are they?
Mon, 07/29/2013 - 11:41 | 3796828 BanksterSlayer
BanksterSlayer's picture

Bernanke, Snowden and Dominique Strauss-Kahn should all be roomies.

1 comment:

Anonymous said...

you seem to forget what the pope did last wk. no immunity. feds fall under their law hes toast.