Page 156 - Aig News Today

Who himself gave half a million dollars and his company gave half a million dollars, and a few months later that company was pushing for a tax loophole with rangels committee, the ways and means committee. and then there was another meeting with a lobbyist for aig, the objective of the meeting according to a memo was to secure $10 million for the rangel center, and according to this right here, rangel, himself, asked the aig lobbyists at least twice what was necessary to get done. now, he also u...

His raising money for a public policy center at the city college of new york, called the rangel center after him. specifically it says that he solicited donations from companies that were doing business with his committee, the ways and means committee, the tax-writing committee, and it details that he had personal meetings and some really particularly interesting specifics here. it said that he met with one person who ended up donating $500,000 and whose company donated $500,000 to the rangel ce...

Aig and goldman sachs loaned to foreign banks, now the congress is complaining? it could have put controls on at the time. it looks at it two years later and said we didnt know where the money was going on. >> neil: in retrospect, i followed it day by day, hour by hour, the home meltdown. gold man didnt need the money. initially at the accident want the -- didnt want the money but they got the money and used it obviously as it saw fit. if that included given to foreign entities fine. >> if i bor...

Committed suicide. this is the governing strategy republicans want to return to if they win back the majority this november. you dont have to take my word for it. >> i think all we should do is issue subpoenas and have one hearing after another. >> now, congressional oversight is good for democracy. it is crucial, in fact, and when darrell issa demanded treasury release documents related to the bailout of aig, i cheered. oversight and witch hunts are two very, very different things. the republic...

How do you feel about an american being in charge of the oil company? >> we dont mind at all. i know youre allowed to burn off all kinds of things. we dont care about these kinds of things at all. the thing people will worry about is all the shares. in bp theyre relying on the dividends. theyre not getting the dividends because of the company have to pay the money to help the people in the gulf. they started paying dividends again. then well be happy. >> the too big to fail problem. i take the p...

The treasury a blank check and the treasury started writing checks to people who didnt need it like goldman-sachs and the treasury gave $130 billion to aig and aig took the first 13 of that and paid its principal creditor, goldman. so goldman-sachs got $13 billion in a two-week period. $13 billion from aig and $10 billion in tarp funds that they didnt need from the federal government. $23 billion federal dollars to spend as they wish. why couldnt they spend as they wish? the fed put no controls....

Committed suicide. this is the governing strategy republicans want to return to if they win back the majority this november. you dont have to take my word for it. >> i think all we should do is issue subpoenas and have one hearing after another. >> now, congressional oversight is good for democracy. it is crucial, in fact, and when darrell issa demanded treasury release documents related to the bailout of aig, i cheered. oversight and witch hunts are two very, very different things. the republic...

Bp says no final decision has been made. residents in the gulf calling for haywards dismissal can take comfort in one thing. he wont leave without a big payout. the bonuses of stock awards are not uncommon at u.s. companies. here are bosses who actually watched their companies tank and their personal fortunes soar. remember bank of americas ceo? he fared much better than his stockholders. ken louis walked away with $53 million in pension benefits. and carly fiorina saw $40 million before walki...

The wealthy because they say it will boomerang on high tax states like california and new york. do you agree? are you worried now is not the time to hike taxes on anyone? >> i get enough challenge figuring out california but my general sense is this: republicans and democrats ought to get together in this recession and there are things republicans want and democrats would like to see more stimulus. california and new york, i mean they could use bailout and help like aig and the general motors an...

>> taxpayers provided something called t.a.r.p. >> nice of them, wasnt it? sweet. >> mika, no doubt about it. everybody played a little role in this because people bought homes they couldnt buy and charged on their credit cards they couldnt afford. they paid the t.a.r.p. money back plus interest. it was a single greatest investment -- no, the banks thats not aig. the other culprits is fannie and freddy. lets put it in context. the single profit weve enjoyed as a nation and quickest profit weve e...