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News Link • Justice and Judges

Justice seeking to block Bernanke testimony

•, Associated Press
 The government is trying to block questioning of Federal Reserve Chairman Ben Bernanke in a lawsuit by the former head of American International Group Inc.

The Justice Department told a federal appeals court Friday that high-ranking officials should not have to testify except in extraordinary circumstances.

Former AIG CEO Hank Greenberg sued the government over the $182 billion bailout of the insurance giant that has since been repaid. Greenberg claims the bailout terms were too onerous and is seeking at least $25 billion.

It is rare for a Fed chairman to be questioned in a lawsuit, but U.S. Court of Federal Claims Judge Thomas Wheeler ruled that Bernanke has firsthand knowledge of the bailout and should undergo questioning.

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