Page 119 - Aig News Today

New years day, after the treasury sold off its final stake in the insurance company last month. thank you, america. that ad has been running during college football games, during nfl playoff games, on news networks, even including this one. it is a two-week tv campaign for the insurance giant to not only show gratitude but maybe rebuild their image a bit, after one of the biggest and most wildly unpopular bailouts of all time. so how is it going so far? well, half way into the public relations e...

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 greenberg, who resigned in 2005 during a scandal. he is still a major shareholder in aig. he started the lawsuit ...

First of all, one thing that hasnt been said so far in the discussion is the word "voluntary." aig did not have to take the bailout that was offered to them by the federal government. they could have refused it. it would have meant certain bankruptcy. so lets not forget this was a volunta voluntary agreement. nobody forced them to take the bailout. look, the only reason for the aig board to consider joining thus lawsuit is because they actually might be liable if the shareholders proceed with th...

Congressional support in the 2000s, too, because they looked so good at their job that people thought theres no way these geniuses who are making so much money could possibly be mispricing all this risk. if they were so dumb, no way theyd be making this money, right? thats when regulators begin to knock down the rules, they get convinced wall street is great or has figured something new out this time. im not so worried about the short term. but in the long term, i do worry about the amount of re...

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...

See what, with the fancy golf course? its very fancy, very pricey. in the fall of 2008, the monarch beach resort was chosen as the executive retreat for the top execs at a ginormous insurance company called aig. remember aig? in the process of just about sinking the american economy with its exponentially risky behavior, aig also just about sunk itself. and as part of trying to save the economy, aig got a mammoth bailout from u.s. taxpayers. $85 billion into that bailout, it was revealed that ai...

Rates. aig said, were dying on the vine. we want to own 80% of you and when the money coming back we want 14.5% interest but were going to charge you three times what we are paying them. that constitutes a loss of assets for aig which the fifth amendment prohibits and constitutes desperate treatment that violates equal protection. i think more greenberg has a very good strong argument to make. >> neil: one of arguments that i raised you wouldnt be in the position you are now to sue is to paraphr...

Do. you go out and save the women and children from drowning at the beach first and foremost. >> neil: you insure them first. >> but you you go after the weak and that is u.s. government. >> neil: but the upside-down world, bank of america paying a $10 billion fine, forced it to buy country wide and all tows those risky loans to begin with. we have a twisted sense of reality? >> they are all taking shots. >> neil: oh, man. >> its horrible. listen, we still, neither you nor he got our shares of a...

Commercials. now the subject to be punished by the company. so what do you think? >> what is going on aig has confirmed for fox business that the board will meet at some time to decide whether this to join former aig chief hang greenbergs lawsuit against the government basically hank greenberg is saying that the government bailout was run by government overseers who ran amok with auditors and lawyers and government officials. who did not do right by the governmental bailout. he is basically sayi...

>> gretchen: good morning, everyone. today is tuesday, january 8, 2013. im gretchen carlson. thanks so much for sharing your time with us today. a big developing story overnight. the lone man arrested fort attack on our consulate in libya has been freed. wait until you hear why. >> brian: a lottery winner comes forward to claim his prize. one day later, dead. now investigators say its a murder like they havent seen in decades. >> steve: and the most controversial story of the day. aig says thank...