Page 111 - Aig News Today

Ate and retrieve it. and meet the number one deadbeat dad in america. he pled guilty in u.s. district court to owing more than $1.2 million to three children from two failed marriages. and speaking of money, well see if stocks break their slump heading into the weekend. today, keep an eye on hewlett-packard. the struggling pc maker topped expectations last night. aigs stock also rallied after hours thanks to better than expected earnings. the tax code gave, and the tax code took away. fourth...

Its something that attorney general like eric snyderman who have been at the forefront on this issue have been pushing for for a long time. >> yeah. it was a great piece, actually, by ben in the "new york times" today actually connecting these two issues about how it is that banks are too big to fail and how that means theyve become too big to jail. too zoom out more context, even, harold, than you gave, yes, aig has been paid back. the treasury department is in the black on it. the american peo...

Day. we will hear from wal-mart and nordstrom and aig. we will hear from dell. it is in the midst of a $24 billion takeover attempt. quarterly earnings are expected to drop. lots of data on the housing market this week. numbers on existing home sales and mortgage applications. in todays politics, best selling author jonathan alter. first, i asked him to share some of the insights he gathered into president obama while writing his book, "the promise." >> one difference between president obama a...

Of the trials going back wards? >> i am deeply skeptical about it. i think the ship has sailed. and i think the reason is one statute of limitations, but that is not really a real issue, they have under statutes under which to bring these things. but i think the investigations have largely gone dry. lehman brothers has largely gone dry. aig has largely gone dry. now note, there was no systemic implications of prosecuting people, because aig was not out of business but the individuals had left. l...

The other senators really dont care how famous you are. and they just care about seniority. so senator warren, surprisingly and very smartly, kept an extremely low profile, doing very few interviews, very little national media focusing on massachusetts media. even if you want to grab her in the hall and in the capitol, you have this great tradition where a lot of senators will stop for you, give you a quick quote. she wont stop. she told our reporters the other day when they tried to get a quote...

Approach, isnt it? >> absolutely. plus, shes also very quickly the senior senator from massachusetts. >> right. >> because there was an open seat. theres a young lawyer, mo collin, filling that seat. warren and her staff are representing a bulk of the state constituency request at this point. >> we have not heard the last of elizabeth warren. >> says her biggest supporter. >> we have not heard the last. as you said in the aig thing, issues she cares so passionately about, she will be out there, ...

Not just getting paid all this money. >> milking the sysm is exactly what the banks continue to do. >> were talk being aig and general motors and ally financial in terms of these pay packages and if we look at it the other way, if the federal government and the treasury department were deep inside these companies, even with the bailouts, even with the money we invested, saying you pay him this, you pay him this. if they were managing these companies in such a detailed way, we would be outraged t...

Know, die construct all these massive problems that they had that were right at the structural level of our economy and had they not been there and had they not fixed it, we would have all had big problems, but now a.i.g. is a profitable company. they came out of it. everybody is better for it. you know, on the enforcement piece of this, i will say that part of the problem was that the rules probably were not clear enough. now that we have dodd fraij and we have this tough prosecutor -- >> mary ...

Packages in 2012. a breach of government rules limiting compensation. as the morning times annie lowery reports, all but one of the top executives at the failed insurer a.i.g. which required more than $180 billion in emergency taxpayer financing received pay packages worth more than $2 million and 16 top executives at the three firms earned comboyned pay of more than $100 million. the report concluded, treasury made no meaningful reform to its processes lacking criteria and an effective decision...

Bailout rage returns. cnbcs mandy drury is here with whats moving your money. and at a time where most workers would be happy to get any kind of raise, big pay hikes still going out to companies that got billions of dollars in taxpayer bailouts. >> thats right, chris. according to a watchdog report this morning, the treasury department ignored its own guidelines on executive pay at firms that received taxpayer bailouts. and last year approved compensation packages of over $3 million for senior e...