Page 143 - Aig News Today

>> the bush white house at the time, the outgoing white house did support the idea. mitt romney has deep roots in michigan, also supported it. how did it play for you, richard? >> basically, the u.s. government ended up being the lender of last resort and taking the place of a failed banking system. the banking system, they could have picked up the slack. if you look at the t.a.r.p. overall, most of the money from the t.a.r.p., absent aig, has been now paid back with profits and with interest. b...

lot of individual reasons for individual candidates who decided not to run. but i have to tell you, you look at those figures and you say, whoa, the president is in for a rough reelection ride. should he get it simply because if that many people think the economy is poor, that certainly is not going to help him at the voting booth. but heres the rub. they dont actually blame president obama for the economy. 55% of americans blame george bush. just 30% blame president obama. so he is ru...

$101 a barrel in fact. in stocks, martha stewart living shares soared on the news that it has partnership opportunities. netflix is talking about developing social tools for its site. aig shares tumbled after the treasury department sold off 200 million shares. still holds 77% of the insurer. that is it from cnbc. we are first in business worldwide. now, to become "hardball." > -- now, took "hardball." -- now, back to "hardball."-- n" >> all of us have wrestled with two problems house, do ...

>> stocks struggling today turning modestly lower at the close. the dow jones industrial down 25 points. s &. falles a point an nasdaq down 12 points. goldman sachs upgrade metal price. banks tried to rally toward the end of the session and even though citigroup finished higher it has been struggling since the one for ten reverse split. you can see bank of america, ions and wells fargo finishing higher. there is talk of be a economic slow down. google had an extremely successful ipo today. share...

More. christian and i are business journalists. you as a writer when you looked at the world of finance and putting together this film, what did you find out that you didnt know before? whats sort of the biggest lesson you took from this? >> so many things. you talk about the biggest lesson, the biggest lesson is how surprisingly interconnected the whole system is. i think even another thing that surprised me was even the people at the top, the people you would think would really understand in d...

>> we have over 50 tlts in unfunded liabilities, medicare, medicaid, all unsustainable. i think we need to do something in connection with the decision to raise the debt ceiling. it deals with the debt. both medium and short-term, medium term and long-term. that what it would take to get my vote. >> a cnn contributor, secretary geithner said not raising the debt ceiling would be catastrophic for the economy. now, he concedes no one knows for certain what could happen in the event that ...

Markets, you know the answer to that question. >> which means we dont necessarily take less risk or more. peter, weve been following this for a long time. you as a writer, hen you looked at the world of finance and putting together this film, what did you find out that you didnt know before? whats the biggest lesson you took from this. >> the biggest lesson is how surprisingly interconnected the whole system is. and i think even -- another thing that surprised me was even the people at the top, ...

some serious concessions from democrats. >> we have over $50 trillion in unfunded liabilities. all of them are unsustainable. we need to raise the debt ceiling -- both short term, medium term and long term. thats what it would take to get my vote. >> will cain is a cnn contributor. secretary geithner said not raising the debt ceiling would be catastrophic for the economy. he concedes no one knows for certain in the event that its not raised. are republicans willing to risk sending this...

Cases he is a tragic person. not a tragic hero. >> he is either shockingly naive, not very intelligent, or he is willfully now pretending he is such. >> i think wall street, these people are professional traders. they always believe theres one last trade to be made. theres one more card that they can play, and i think that dick fuld felt he had one more card. did he know that he had taken on too much risk? i think he did. did he think it was going to be the end of him and our country and the glo...

I dont. i think a lot of people today -- some people want to revise history. they want to say everybody knew it. it was there for the taking. everybody everyone knew it. should we have known? absolutely. did we want to know, and, by the way, was everybody incentiveized not to know? absolutely. that was part of the problem. >> i had an interesting involve. in this personally. i was with a bank, the queens bank. they are the most prestigious banks in the world, and they had encouraged me about a y...