Aig Down News Today

Crucial reform passed as part of dodd-frank. and last night, that part of it got killed. this is what brought aig down. this is what brought lehman brothers down. it will be us, we, the paxzs, who have to pay for it again. the language to undo this reform, the language to go back to the old way of doing stuff was written by citi group. the banks have been trying to get rid of this reform since it went into effect, basically. citi group draft e drafted the language that they want today use and th...

wired. >> thats okay because theres lots of news this morning. >> up first this morning, heads about to roll. at jp morgan chase. according to bloomberg, the firms entire london staff could be dismissed. the banking giant also expected to accept the resignation of this woman, ina drew. pulling down a salary of over $15 million a year. drew and two other company executives being held accountable for a stunning $2 billion loss. ceo jamie dimon doing damage control on sunday talk shows is...

That blew up and put the taxpayers on the hook in 2008, and they reform told the banks they couldnt do that in a way that implicate the taxpayers if things went bad again. its not a complicated thing. but that reform passed as part of dodd-frank, and that part got killed last night. thats what they killed. one former treasury told the washington post that its really outrageous. this was the epicenter of the crisis. this is what lehman brothers down and aig down. and now the rules are such that i...