Page 117 - Aig News Today

Obama administration did for wall street, we have a story about the bailouts and what egregious handout they were and how they are still going on. the bank secretly got billions and billions in secret loans from the feds, basically zero percent interest rate, didnt tell their shareholders that. their ceos were busy buying and selling stocks, so theres a question of insider trading that was going on off the bailout, and none of those people have been touched or looked at. so, you know, wall stree...

Theyre going to attach themselves to this suit. they supposedly have the fiduciary responsibility of their shareholders to consider it. but in the end, i dont know what you think, but i think its going to be hard to go against the government on this one. i think its going to be a lot of rancor. >> theyve got a fiduciary duty to their shareholders, and i cant think of anyone thats going to make people angrier and hurt the company more than something like this. this is horrific publicity that they...

Considering joining a lawsuit to sue the federal government because they didnt like the terms they agreed to? the $25 billion lawsuit claims the federal government has deprived shareholders of tens of billions of dollars and violated the fifth amendment. it says the government took too large a share in aig and charged excessive interest rates. basically, they think they paid the federal government too much money, and now they want it back. the man who filed the lawsuit is former aig ceo hank gre...

Headlines for something that had people rummaging around in the attic, looking for the old torches and pitchforks that they hadnt used in the streets since the last time a story like this broke about aig back in 2008. the difference today is that today there was a brand-newly minted united states senator on capitol hill enunciating our national disgust for that company in a way that was not only satisfying, but powerful. can you guess which new senator im talking about? would it help if i told y...

Coming up, hypocrisy in the house of representatives. well look at the republicans who voted against hurricane sandy relief, but lobbied for disaster funds for their own states and backyards. and later, the federal government loaned billions of dollars to insurance giant aig to save them from bankruptcy and hurting the economy. now some investors want to sue the federal government and want aig to join in. well have the details coming up. dont forget, you can listen to my radio show on sirius x...

For aig to take all of this money when it was on the verge of bankruptcy, a board was in place and did it willingly, knowing exactly what they were doing, knowing that their choice was to have bankruptcy or take the loan, they took the loan. they paid it back. they paid it back with $22 billion of profit. and for now to them, to seriously consider joining this lawsuit is absolutely, to use your word, outrageous. >> well, the federal government went in. the lawmakers went in and said you got the ...

Taxpayers for their help, not bite the hand that fed them. it is worth noting they paid off their loans which resulted in a $220 million profit for the u.s. government and must protect the interest of their shareholders and held a meeting this morning to discuss the lawsuit. it is expected to reach a decision by the end of the month. joining us now from washington, msnbc policy analyst, ezra klein of "the washington post." always great to see you, my friend, especially on days like this where i ...

Is that what you call it? the protector! okay. ♪ the allstate value plan. are you in good hands? aig wants america to know that the company is thankful for its nearly $200 billion rescue. it also wants the country to know what its doing with its new lease on life. >> helping recover from hurricane sandy. >> leading a global insurance company based here in america. >> were leaner and more focused on what we do best. >> weve turned it around. >> thank you, america. >> thank you, america. >> do...

>> they spend a lot of money on that ad. thats a multimillion-dollar campaign meant to resuscitate their image. im sure a lot of people are watching that have aig insurance directly or indirectly. there is no way in which we approve value for that and every way in which we destroy value for this. that should have been an easy decision. i dont know why it wasnt. >> thank you so much. good to see you. coming up, the first read team notes that we will do the sound. the fast rising obama doctrine is...

Aig should thank american taxpayers for their help, not biting the hand that helped them in a crisis. and as satisfying as the comment is for its smack down nature, it didnt just happen because of an act of god. the meltdown was caused by the recklessness of aig and other companies on wall street that played fast and loose with the rules, and now would prefer even fewer rules to regulate their actions, because their actions are always so responsible. senator warrens opponent in the recent electi...