4 Financial Stock Stories to Kick Off Another Trading Week
American International Group Inc. (NYSE:AIG): Current price $46.33
The United States Court of Federal Claims Judge Thomas Wheeler ruled Monday that the former AIG chief Hank Greenberg should be allowed to depose Federal Reserve Chairman Ben Bernanke as a part of his lawsuit against the insurer’s 2008 bailout, according to Reuters. Wheeler cited “extraordinary circumstances,” which allow for Greenberg’s lawyers to take a deposition from Bernanke, explaining, “Indeed, the court cannot fathom having to decide this multi-billion dollar claim without the testimony of such a key government decision maker.” Greenberg’s present firm, Starr International Co. Inc., filed a complaint alleging that the government took over AIG so it could supply “backdoor bailouts” to Goldman Sachs, Bank of America, J.P. Morgan Chase, along with other banks.
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