Page 146 - Aig News Today

That gaddafi has newest military weapons. on sunday, gaddafi forces hid oil refinery in plant in misurata. the city is running low on fuel and water. head of nato said he is optimist take gaddafis time is up but added the conflict needs a political not a military solution. in benghazi, libya, reena ninan, fox news. >> bret: security forces in yemen opened fire on demonstrators again today. witnesses say three people were killed. dozens of wounded. the attack came a day after the protesters began...

Nasdaq was up 15. commodities rebounded across the board after fridays huge sell-off. silver, gold, oil and copper all higher and all helping lift the energy and materials sectors. financials were weak after citigroups one for ten reverse stock split. and aig slumped as the government gets ready to sell more shares of that bailed-out insurer to the public. in earnings news, tyson foods slumped despite delivering better than expected revenue and improved outlook. investors are concerned it is h...

Intend to keep that promise. >> okay. in 2010 you said this as a tea party rally. >> now, the federal government owns or controls 51% of the private economy. were on to them. were on to this gangster government and we are not going to let them have their way. >> briefly, what does gang territories government mean? and secondly, our brain room which is the fox news research department checked it out and they said if you add up all of the companies that the u.s. government has a stake? , general m...

Intend to keep that promise. >> chris: in 2010 you said this at a tea party rally: >> now, the federal government owns or controls 51% of the private economy. we are onto them, onto the gangster government. and, we are not going to let them have their way. >> chris: briefly, what is gangster government, what does that mean? and, secondly, our brain room, the fox news research department, checked it out and they say if you add up all the companies, that the u.s. government has a stake in, general...

The problem is, is if you give them more money in washington, theyre not to be trusted. i mean, there was $100 billion in last years budget that is unaccounted for. they dont even know where the money was spent. recently when we bailed out the banks in our country, guess who got bailed out? the libyan national bank. it was a pass-through. aig became a pass-through for foreign banks. we dont know where all our money is going to be spent. when i want to turn in money for my office, turn a couple h...

They did it year after year because they saw a penny they could pick up. >> 2 1/2 years after this, no one has gone to jail or no one has each been prosecuted. >> theyve sure gone after barry bonds and roger clemens. >> those are easy pickings. >> the entire history of this whole era clearly demonstrates that the justice department has any appetite taking any of these cases against wall street executives. even when they have very good evidence and very strong cases. >> the failure of regulators ...

When i was a.g. in 2002 and 2003, i went after these companies for lying about the quality of their stocks. they said, we get it, we learned. they did it year after year because they saw a penny they could pick up. >> 2 1/2 years after this, no one has gone to jail or prosecuted. >> theyve sure gone after barry bonds and roger clemens. the entire history demonstrates that the justice department has any appetite taking any of these cases against wall street executives. >> the failure of regulator...

Supervision, and they had one insurance expert on their entire staff. >> we went after aig. got them to get the biggest settlement in history. their accounting was a scam, top to bottom. i was called and told back off by the u.s. attorney in the southern district, well take care of it. they never did. tim geithner apparently reported in todays "new york times" saying dont bring cases, it will unsettle the markets, and they let them go. >> to actually bring a criminal case, dont you have to prove...

One has gone to jail or no one has each been prosecuted. >> theyve sure gone after barry bonds and roger clemens. >> those are easy pickings. >> the entire history of this whole era clearly demonstrates that the justice department has any appetite taking any of these cases against wall street executives. even when they have very good evidence and very strong cases. >> the failure of regulators is extraordinary. you documented this in "rolling stone." >> sure. absolutely. the regulators were asle...

Aig and then there was the broader bailout effort. the tarp that was really about wrestling insolvent banks. they basically started saying to the fed and the government, we would sure like a government guarantee to invest in student loans and credit cards and aircraft loans and commercial mortgages and anything else you can think of and thats when the whole other gal laxcy started to come down the pipe. and essentiallyi all of these programs, many trillions of dollars they extended government fw...