Page 122 - Aig News Today

Too. >> makes us feel good to support a local business such as the tree elves. rather than go and cut one down or go to home depot and purchase one like we have done in the past. we legislative the idea of supporting tree elves be a supporting king of pops, which were a big fan of, getting a tree that is sustainable and will be replanted. >> reporter: they have 200 trees and sold out almost immediately and next year will have more trees and more varieties. >> gregg: these guys are small business...

>> and youre both right in your respective position, but gerri willis, to echo something charles said at the outside, we went from too big to fail to too many not to help and precedent is well do it again and again and again. >> they owe us 7 billion dollars and give us our 7 billion back. even if youre in favor of the gm bailout they put out a truck on the road that the hood latch doesnt work, thats being recalled. how many ways can they get us, taxes and products that-- >> and put out a lot of...

It wasnt close. taking away their organizing power in michigan. so to argue that this was some giveaway and sop to the unions is absurd. >> the treasury posts this t.a.r.p. tracker on its website, says its recovered 89% of the money invested in the automobile industry, aig, and the banks. generally good news here? >> oh, yeah. were getting out of this stuff, which we should be out of. what we need is to have a real discussion about do we get economic rules so to provide viable companies so this ...

Do well. >> which is going to help them invest in an infrastructure and development of better product. >> creating more jobs. >> of course, product is not their problem. worldwide, they have really taken some strides. now, lets talk about aig, which you mentioned. the government says that it made $22.7 billion on the aig bailout. and that was a bailout. some republicans say the unions kept us from making money on gm as well. is that a fair comparison? >> no, not at all. in part, look at the size...

$28.7 billion from general motors. david, is this a losing proposition for taxpayers? >> oh, no, not at all. think of the costs if we had allowed general motors to fail, we would have lost literally a million jobs. we would have huge costs for disability, for welfare, for probably crime, with young people who cant find any kind of work. enormous costs. so this was a very cheap bargain. and dont forget, we gave $13 billion to bail out an aig/goldman sachs deal to goldman sachs. and in my book, th...

But commensurate with the risk it wasnt close. taking away their organizing power in michigan. so to argue that this was some giveaway and sop to the unions is absurd. >> the treasury posts this t.a.r.p. tracker on its website, says its recovered 89% of the money invested in the automobile industry, aig, and the banks. generally good news here? >> oh, yeah. were getting out of this stuff, which we should be out of. what we need is to have a real discussion about do we get economic rules so to pr...

Trading after the governments announcement. so and here is a look at general motors earnings over the past two years. david, is general motors recovering? >> oh, absolutely. general motors in 2008 was out of cash. theyve now got $32 billion of cash. so theyre doing very well. and going forward, they should do well. >> which is going to help them invest in an infrastructure and development of better product. >> creating more jobs. >> of course, product is not their problem. worldwide, they have r...

Motors earnings over the past two years. david, is general motors recovering? >> oh, absolutely. general motors in 2008 was out of cash. theyve now got $32 billion of cash. so theyre doing very well. and going forward, they should do well. >> which is going to help them invest in an infrastructure and development of better product. >> creating more jobs. >> of course, product is not their problem. worldwide, they have really taken some strides. now, lets talk about aig, which you mentioned. the ...

Think of the costs if we had allowed general motors to fail, we would have lost literally a million jobs. we would have huge costs for disability, for welfare, for probably crime, with young people who cant find any kind of work. enormous costs. so this was a very cheap bargain. and dont forget, we gave $13 billion to bail out an aig/goldman sachs deal to goldman sachs. and in my book, the fine print, i tell about another $5 billion gift we made to goldman sachs that nobody else has reported on....

Passes the measure prohibiting almost all public sector unions from acquiring that workers pay union dues, even if they are not in the union. a democratic state legislature predicted there would be blood after the vote and things got harry in lansing. two weeks before christmas. and harry reid says it will be difficult to get legislation passed before then. g.o.p. made a counter offer to the president. so what is in it? the federal government sold shares of aig. they report $5 billion profit. th...