Page 149 - Aig News Today

Outside of direct tax infusions, the treasury department doesnt want to tell you that because its inconvenient. youll see what im talking about. t.a.r.p. went toish surers and borrowers. a lot of that went to banks through companies like aig. thats a break door bailout. do you want to know how much hasnt been paid? $180 billion. when they tell you all the money came back its not true. second, the fed took over $1 trillion in government mortgage-backed securities from the banks. in other words, t...

Inspector general for the program said it failed to meet some of the most important goals. i think what he means is those big banks just kept getting bigger. >> thats right. he said its a failure. neil showing that you can pay anything you want to on your last day at work. big criticism of the program. he says by one measure did it solve the foreclosure crisis? no, it did not. 7 million people there were thrown out of their homes and those were the very same folks who helped baking out those ban...

Why lower tax rates when companies like this are already paying nothing? >> this is a philosophical argument, rachel, because as we see, there are enough loopholes in the corporate tax code that, you know, clever and big corporations can avoid paying taxes at all. i dont see why they should object to the corporate tax rate up to 90%. who cares. we dont have to pay it. >> eugene robinson, msnbc political analyst, pulitzer prize winning columnist for "the washington post." thanks for being here. ...

>> lets say citibank collapsed, the federal government wouldnt bail them out. >> under the law -- first of all, the law the federal reserve reviews to give money to aig, for example, weve abolished that law, section 1503 of the federal reserve. if the federal officials think that the banks debts are so voluminous, the bank is dissolved. the federal government may decide to pay some of the debts. by law, whatever it pays out has to be record by an assessment of the financial institution. its exac...

Then we have another chart showing the past five years. if you look at this big dip, this is the financial meltdown, lehman brothers, aig. then this big surge afterwards, the nikkei, however, is down significantly over the past five years. i think that just goes to show that japans economy even before this disaster was not in the best of shape compared to the u.s. economy which had to admittedly big stumble in 2008 and 2009. but over time, economies generally tend to keep growing. i think thats ...

Many of their japanese factories to trade lower. and companies like aig and ace limited could be hit again today. one estimate puts the total of insured losses from the quake at $35 billion. and then, there is still oil. overnight in asian trade, oil fell sharply. on investor pessimism that global economic growth will slow thanks to the disaster in japan. finally, a hacker group sympathetic to wikileaks plans to release emails obtained from bank of america it claims will expose corruption an...

Almost. now, bank of america shares for their part rose by 4% putting on a strong performance after the ceo brian moynahan cheered investors saying the company is focusing on rewarding shareholders. he also promised to hand out billions of dollars in dividends over the next few years to come. it was a different story, mind you, for mcdonalds. sales fell by 1% after the company reported a disappointing set of february u.s. sales. and staying with the united states, lets take a look at whats mak...

Price is obviously another factor, limited gains for major indices, though. heres what we saw with the blue chips, the dow above the flat line. nasdaq up 2% and the s&p up about.17%. and aig said it sold off $9.6 billion worth of shares. sold at a public offering wednesday, the final price was $43.25. aig sold 148 million net stock to help pay back its bailout to the u.s. treasury. aig was out of $6.3 billion. thats what it got for the sale. but the company is still hoping for another $12 bill...

Case was told that he had powerful political connections. that investigator was actually fired in that case. these cases just do not happen. >> gub me some other names of individuals who in your opinion have perpetrated certain actions that may be criminal unethical but continue to work and enjoy their own liberty. >> certainly the two cases that people kept pointing me toward over and over again when i did research for this article where are aig and lehman brothers. i talked to one former s.e.c...

Days later on february 22nd, theyre being told their noncompliant. citigroup files its annual report to public shareholders of which so many 401(k)s and pension money and all these people that are getting screwed now are in these companies. in which they said, management, i quote them, management believes as of december 31st, 07, the companys internal control over financial control is effective. pandit was the ceo at the time. he certified the report personally, including the part of citigroups ...