Page 150 - Aig News Today

Shanghais decided its time for a bit of a selloff. the nikkei up by .75%. hong kong up by nearly 2%. pretty strong numbers from the insurance operator aia. that was the group that was spun off from aig, the american insurer, which was owned by the u.s. taxpayer. the third biggest insurance company here in asia. better than expected, $2.7 billion in profits last year. that stock up 6.6 at the close. and finally in australia, also a rebound there, up by about .5%. on wall street and the markets ...

Shanghai, which has been backing the market all week continue to do so today. you see it finished flat, like to say. it has been rising when the rest of the markets are falling, flat when the rest of the markets are rising. nikkei up 2%, that came on relief, this pause, at least, in the rising cost of oil. corporate news, results coming out from aia, the asian insurance arm of aig. that reported full-year profits of 2010 up 54% better than expected. investors met that with a 6.6% gain in the sto...

Reported fourth quarter net income of $11.2 billion, reversing a loss of nearly $9 billion a year ago. the swing in profits came thanks to the sale of several big assets. there was an ipo which raised about $20 billion. without those asset sales, aig wouldve made a loss. just two years ago, the u.s. government bailed out aig to the tune of -- well, it was about $180 billion after reporting a quarterly loss of about $61 billion. aig planning another big share sale this year to try to reduce the s...

Employee unions in education, but theres not this much truth and it has been overstated. but theres a lot of blame to go around. it has been fascinating to watch the public anger go from wa street and investors and corporations in 2007 or so, which barack obama blocked, told the banks im the guy standing between you and the pitch forks, blocked that bill in the house trying to ratchet backbone uses at aig, had to help them, make sure we had confidence in the financial markets. without a villain,...

It has been fascinating to watch the public anger go from wall street and investors and corporations in 2007 or so, which barack obama blocked, told the banks im the guy standing between you and the pitch forks, blocked that bill in the house trying to ratchet backbone uses at aig, had to help them, make sure we had confidence in the financial markets. without a villain, without barack obama letting people have the villain they want, the republican party stepped in and said you know, it is gover...

Disclosure from deutsche bank, goldman sachs, morgan stanley. do you intend to look into the fraud? >> we plan on following the trail to all the corruption out there. unone of the important things that speaker boehner said, every committee must do oversight and theyre all beefing up for it. ours is the primary. we intend on going after it because as you said, the american people are still on the hook. obviously, aig, they put their aaa wrapping around these insuring them and thats the reason som...

If youre a regulator, you need to say what can i do in the u.k. and france. can i protect myself? you can. its complicated but it can be done. thats the better way to do it. let these companies fail. put them in a position they can fail and the world is fine. >> could jp morgan fail? >> the answer is yes. if the lehman brothers had failed -- the thing about complex systems. if they failed in 2005, i dont think it would have caused this crisis. it was cumulative trauma. you had problems in german...

It can be done. thats what the fdic did with big banks for many years. now weve become global. if youre a regulator, you need to say what can i do in the u.k. and france. can i protect myself? you can. its complicated but it can be done. let the companies fail and put them in a position where they can fail and the wofrld world is fine. >> could jp morgan fail? >> the answer is yes. if the lehman brothers had failed -- the thing about complex systems. if they failed in 2005, i dont think it would...

Chase, citibank, havent they been the supplemental lenders, so why should anyone feel like they have the capacity to handle the majority now of home loans if freddie and fannie were to go away? >> its a great question but they perform very different functions. right now fanny, freddie and fha account for 97% of all the loans down out there. thats it. its just government-backed so it is terrifying. these big banks have a lot of money, some of which the government put into them, but they also seem...

Bahrain. that had big protests thats a rich tiny island. in yemen weve seen three major demonstrations this week, featuring tens of thousands of protests. weve heard chanting in jetta, saudi arabia, saudi arabia, syria, protests in front of parliament, president assad has been promising more political reform and urging patience on the part of those who are angry at its pace. amanda knows the region well. former head of aig, hank greenberg. it spills over to those places, game over. >> yeah, hi n...