FOX Business Network’s (FBN) Senior Correspondent Charlie Gasparino reports that outgoing Federal Reserve Chairman Ben Bernanke “will be giving testimony” in the American International Group Inc (NYSE:AIG) lawsuit. Gasparino went on to report that Judge Thomas Wheeler is saying that Bernanke “is going to have to give this testimony sometime in February.”
Excerpts from the report are below.
In a rare interview with Harvard Business School that was published online earlier this month, (it has since been taken down) value investor Seth Klarman spoke at length about his investment process, philosophy and the changes value investors have had to overcome during the past decade. Klarman’s hedge fund, the Boston-based Baupost has one of Read More
On whether outgoing Federal Reserve Chairman Ben Bernanke will be forced to testify in the AIG lawsuit:
“Ben Bernanke, the former Fed Chair who was intimately involved in the bailout of American International Group Inc (NYSE:AIG), from what we hear, we are getting this from Hank Greenberg’s attorneys, he will be giving testimony in this case….when he gives testimony is unclear. From what I understand the federal judge that’s in the middle of this, Thomas Wheeler, is saying that he is going to have to give this testimony sometime in February.”