Page 109 - Aig News Today

President bush is this countrys economy will collapse which led to tarp and the bailout of aig and the banks and so on and so forth. >> i totally disagree with that. that is why i wrote the book to try to demonstrate it hour by hour, day-by-day this was a meltdown in the canons of wall street. one or two big highly leveraged gambling houses morgan stanley. aig was not going to collapse all over the world. the holding company could have been bankrupt youd. no depression 2.0 in sight. that is bern...

Countrys economy will collapse which led to tarp and the bailout of aig and the banks and so on and so forth. >> i totally disagree with that. that is why i wrote the book to try to demonstrate it hour by hour, day-by-day this was a meltdown in the canons of wall street. one or two big highly leveraged gambling houses morgan stanley. aig was not going to collapse all over the world. the holding company could have been bankrupt youd. no depression 2.0 in sight. that is bernankes erroneous scholar...

Government having information about that. >> thats not the government. >> im trying to explain where it comes from. >> that is a longstanding deeply rooted concern. you dont have to go with it really. we dont have to accord it a lot of respect. like obama is going to come and take your guns? >> help us understand. please. >> because the gun control advocates for years wanted to ban handguns. >> right. item the view you want to take guns away is not unfounded because groups were advocating that p...

No cameras allowed in the courtroom for michael jacksons wrongful death trial. judge decided friday the trial would be televised, would not be televised. jackson family attorneys argued in favor of having the camera in court and aig live said it could create a jackson fan frenzy outside the court. michael jacksons mother and three children are suing the concert promoter for the pop stars death. wesley snipes is enjoying his first weekend of freedom in almost three years. he was released from a...

Everybody watching this show wants to know why we spent all that federal money to bail out the rich guys. you say we didnt have to do that. sink or swim. everybody watching this show wants to know why we spent all that federal money to bail out the rich guys. >> this meltdown was entirely in the canyons of wall street. the banks that were glorified hedge funds had gone down and there were two more to go, goldman and morgan stanley. they should have let them go down. aig was a company quality and...

Michael jacksons kids, paris and prince michael, are expected to testify. theyll talk about their father in open court. thats something well never have heard about before. the will lawyers for aig saying they will extensively talk about michael jacksons medical records in that trial as well. so we can expect to hear some revealing details about the king of pop. >> are there going to be tv cameras inside that courtroom? >> that is yet to be determined. the court today was on fire between these tw...

The big crash said we had to do something. hank paulson was a hero. he was a god. they bailed out the big rich banks. the big financial institutions. you say we didnt have to do that. >> yes. >> we should have left them sink or swim. explain. everybody watching this show wants to know why we spent all that federal money to bail out the rich guys. >> because i think its a great urban legend. this meltdown was entirely in the vertical canyons of wall street. several of the investment banks which w...

>> youre kind of a free market, heres my question, all the movies weve seen, said that we had to do something. hank paulson was a hero. he was a god because he bailed out the big, rich banks, the goldman sachs, big financial institutions. you say we didnt have to do that. sink or swim. everybody watching this show wants to know why we spent all that federal money to bail out the rich guys. >> this meltdown was entirely in the canyons of wall street. the banks that were glorified hedge funds had ...

Its going to take that long. they dont know what caused the leak. jury selection begins tomorrow in the wrongful death lawsuit against his concert promoter. the lawsuit alleges they were negligent in the supervision of conrad murray who is the physician found glts of manslaughter for giving jackson lethal levels of a powerful anesthetic. if he is called to the stand, he said hell plead the fifth. jodie a. moore says that jackson has a strong case if they can prove the doctor was pressured by a...

20 big banks of the world would have have lost $40 to 50 billion. those who bought that had balance sheets of 20 trillion so youre talking about a 1% hip. could have happened. barclays and jpmorgan and bank of america the rest of them. the first point. aig was not a contagion. goldman and jp, repo and commercial paper, they could have gone down and reorganized the pieces and parts and talent at came out of there would have lived for another day to put out a shingle. >> let the market do what the...