Page 157 - Aig News Today

Context. >> okay. >> what about the guys that did the oversight on fannie and freddie on capitol hill. >> i was in congress. we all share some blame. >> harold, listen. we will do this more. my understanding is t.a.r.p. has been paid back sort of. >> by the banks, right. >> didnt aig get bailed out? didnt they funnel money? didnt they help the banks? >> goldman sachs, bailed out the german banks. >> had he me understand. >> paid for their gambling debts that were lost. >> i didnt suggest what ha...

Grassley. the company received more than 35 billion as payment for then worthless securities it then held in aig. those of your headlines. >> lets check in this morning with janice dean in for rick reichmuth. >> hi, lets take a look at bonnie, a remnant low, showers and thunderstorms and severe weather to parts of the gulf coast roogs in towards mississippi and also the potential for showers and downpours across the southwest today. where we could see flash flooding and the cold front pushing ac...

The money. its our money. gm and the rest should pay back, too. aig, you can list them down the line. its not just wall street. the president coming out and saying theyll be no more wall street bailouts does make it look suspicious that feinberg wont take more. >> julie: no more wall street bailouts, that is great but the billions of dollars, its a little too late to say that your feinberg says they dont rise to contrary to the public interest that would demand repayment. how is this in the publ...

And guess what? no one can really do anything about it. members of the administration say the bonuses, look, theyre not illegal. they report 11 of the 17 companies have already repaid taxpayers so they owe nothing. yet companies like aig and citigroup that gave out these lavish rewards, they still havent paid the money back. kenneth feinberg, the man president obama put in charge of reviewing wall street payouts says most of these employees did not deserve any of the money they got. something li...

Prevent an ordinary commercial deposits for a bailout and we have a deposit system through the fdic, i dont think that banks will get bailed out waut obama was president. lehman was the one that didnt get the government bailout. thats what we want to happen. we hope will happen to morgan or goldman if they need money down the road. there is nothing to delineate that. they didnt try to split the banks up. >> hold on, eric. >> the bottom line is democrats are baler outers. look at gm, look at chry...

And bail out 4,000 jobs. >> the aling through-- ill give you that and washingtons, and the other fact that they just warmed up the batters box with aig because the term keeps being slippery slope gets slipperier and slipperier. my favorite, the democrats talking about newspapers need be to be bailed out. this is not the end of it and thats the point of the segment. >> richard. >> yeah, first of all, lehman brothers, my point was we wouldnt have this enormous collapse that was not dealt with. yea...

The last 20 years. >> its the free market system and whatever the market will bear has traditionally been the rule but the problem is when you get billions of our dollars pumped in to prop you up, the question is is that appropriate? >> who was the guy from citi group? >> andrew hall. >> we ought to move into his house. we paid for it. >> yeah. and brian mentioned a whole bunch of the banks already paid it back. the banks not repaid is aig -- theres a shocker, citi, m and g, and sun trust. >> le...

[ applause ] there will be no more tax-funded bailouts period. [ applause ] [ applause ] if a large financial institution should ever fail, this reform gives us the ability to wind is down without endangering the broader economy. there will be new rules to make clear that no firm is somehow protected because it is too big to fail. so we dont have another aig. thats what this reform will mean.

Endangering the broader economy. and there will be new rules to make clear that no firm is somehow protected because it is too big to fail. so we dont have another aig. >> the president is touting wall street reform right now but could it actually hurt him politically down the road especially in the runup to the mid term elections? lets bring back our senior political analyst gloria borger. you wrote this column at cnn.com today. the problem for obama and company you write is that while antiwall...

Are still feeling the pain of the downturn. now, while a number of factors led to such a severe recession, the primary cause was a breakdown in our financial system. it was a crisis born of a failure of responsibility from certain corners of wall street to the halls of power in washington. for years, our financial sector was governed by antiquated and poorly enforced rules that allowed some to gain the system and take risks that endangered the entire economy. unscrupulous lenders locked consumer...