Economy

Demeter

(85,373 posts)

10. Bernanke Must Testify About AIG

Tue Jul 30, 2013, 09:34 PM

Jul 2013

Judge Cites Fed Chairman's 'Personal Involvement' in the 2008 Decision to Bail Out the Insurer

http://online.wsj.com/article/SB10001424127887324170004578636333559421600.html?mod=dist_smartbrief

...The deposition, scheduled for Aug. 16, will be part of a lawsuit brought by a company run by former AIG Chief Executive Maurice "Hank" Greenberg that alleges the huge rescue package had elements that were unconstitutional.

Mr. Bernanke's sworn testimony will mark a break from past precedent and a coda to his tenure, which is expected to wind up at the end of January, when his current term as Fed chairman expires. It is highly unusual for sitting top regulators to be compelled to testify in a private lawsuit....

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STOCK MARKET WATCH -- Wednesday, 31 July 2013 [View all] Tansy_Gold Jul 2013 OP

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:::::::::::::::groan::::::::::::: Tansy_Gold Jul 2013 #3

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Ladies and Gentlemen, I give you, Hotler! Demeter Jul 2013 #4

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