Source: Money News
A U.S. judge said Federal Reserve Chairman Ben Bernanke should be required to testify in the lawsuit by the former chief of American International Group Inc., Maurice "Hank" Greenberg, against the United States over the insurer's 2008 bailout.
Judge Thomas Wheeler of the U.S. Court of Federal Claims on Monday rejected the government's effort to keep Bernanke from being subjected to a deposition by Greenberg's Starr International Co.
Wheeler called Bernanke a "key witness" who can provide highly relevant testimony, given that he 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," which Wheeler said he plans to attend.
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