FOX Business Network’s (FBN) Senior Correspondent Charlie Gasparino reports that former Chairman and CEO of American International Group Inc (NYSE:AIG) Hank Greenberg wants former Treasury Secretaries Hank Paulson and Timothy Geithner to testify in the AIG bailout lawsuit.
Excerpts from the report are below.
For much of the past decade, Crispin Odey has been waiting for inflation to rear its ugly head. The fund manager has been positioned to take advantage of rising prices in his flagship hedge fund, the Odey European Fund, and has been trying to warn his investors about the risks of inflation through his annual Read More
On whether Hank Greenberg is looking to take the testimony of former Treasury Secretaries Hank Paulson and Timothy Geithner:
“Hank is suing American International Group Inc (NYSE:AIG) and the government saying the American International Group Inc (NYSE:AIG) bailout in 2008 was illegal and he’s got the courts listening. Here’s what we know today – Ben Bernanke, he can take testimony from him… What I hear from Hank’s people is that he is not stopping there. He wants to take the testimony of Hank Paulson the former Treasury Secretary and Tim Geithner who was then the head of the New York Fed. All three of those – Bernanke, Paulson, Geithner were sort of the main players in the bailout of 2008, so he isn’t stopping here.”