Politics & MoneyInvestments

Ben Bernanke will not testify in AIG case

According to CNBC, Federal Reserve Chairman Ben Bernanke will not have to testify in the multi-billion dollar lawsuit filed by the former CEO of American International Group (AIG) against the United States over the insurer’s 2008 bailout.

The ruling, from the U.S. Court of Appeals for the Federal Circuit, overturned a lower court decision from July that said Bernanke should submit to a deposition by lawyers for former AIG CEO Maurice "Hank" Greenberg.

Deposing Bernanke while he is in office could disrupt "significant" government activities, the panel said.

Most Popular Articles

Airbnb properties wouldn’t make a dent in housing market

While the real estate market has lots of challenges during the COVID-19 pandemic, a tsunami of houses being sold by Airbnb hosts who can’t pay their mortgages isn’t one of them. HW+ Premium Content

Jun 02, 2020 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please