Page 158 - Aig News Today

Primary cause was a breakdown in our financial system. it was a crisis borne 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 game the system and take risks and endanger the entire economy. unscrupulous lenders lured consumers into complex loans with hidden costs. firms like aig placed massive, risky bets with borrowed money. and while...

Benefits have been dispensed, they were done so in a way that people have acted were discriminatory. so i dont know whether that played a direct role in this. i know that is something that secretary vilsack is mindful of. >> did he misspeak because congress has not approved -- >> there are a differences in settleme settlements. there are several billion dollars on this -- again, the settlement has been entered into based on a judgment of discrimination. >> quickly, on financial reform, was squar...

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 of washington. for years our financial sector was governed by antiquated and poorly enforced rules to allow some to gain the system and take risks and endanger the entire economy. unscrupulous lenders locked consumers into complex loans with hidden costs. firms like aig placed massive, risky bets with borrowed money. and while th...

So in a way that people have acknowledged were discriminatory. i dont know whether that played a direct role in this. maybe thats something secretary vilsack is mindful of having a zero tolerance policy. there have been a series of different settlements. there is several billion dollars on this -- the settlements didnt enter in to based on a judgment of discrimination. >> reporter: can you square the circle? if its too big to fail, why is there a resolution of authority to do whats too big to fa...

Dying friend or relative. youre worth it. thank you. >> thank you, neil. >> neil: another legend, aigs c.e.o. and founder hank green burgh tonight on "fox business," which, if you dont get ... >> ... demand it! . [ male announcer ] the ram 60-dahandshake.

If there were no upward bound, what would you be doing? >> i would be at home doing pretty much nothing, to be honest with you. i would be lost. >> reporter: children who get into the program in part because theyre low income and theyll be the first in their family to go to a four-year college, statistically the people that youre dealing with, the children that youre dealing with, should not make it. yet what percentage of your children do you send to college? >> close to 100%. >> the upward bou...

Its national ice cream day. we thought wed celebrate with one of our show favorites. you may have seen our profile with him. he used to be an analyst for aig. when he got laid off he put all his efforts into a new business called the king of pops. technically he sells gourmet p popsicles. we thought close enough. joining us live now is his brother, nick, the prince of pops. we have crowned you the prince of pops. what flavors did you bring for us? >> all kinds of stuff. peach rhubarb. mexican ch...

>> they have the right to the steps. >> geraldo: did they steal the march on you? were you asleep at the wheel? >> we are going to have the march. every year we have the march. we commemorate this every year. we have been followers of dr. king for. >> geraldo: how many show up. >> how many will beck have? i dont know. do you? >> geraldo: you want to wager? >> i would like to see both groups go into the same march. >> we could if we were going to be for the same thing. we are not for states overr...

Financial product wise, mortgage or payment plan or credit card, pay it back and understand it and nothing nefarious going on with the terms. they say it will limit financial product and mortgages and credit cards you can buy, so the businesses say it could constrain the economy. >> shannon: okay. what do they say about it? >> they are happy but there is a framework dealing with a large financial giant. think of aig from a couple of years ago. the government once the president signs a bill on we...

>> they have the right to the steps. >> geraldo: did they steal the march on you? were you asleep at the wheel? >> we are going to have the march. every year we have the march. we commemorate this every year. we have been followers of dr. king for. >> geraldo: how many show up. >> how many will beck have? i dont know. do you? >> geraldo: you want to wager? >> i would like to see both groups go into the same march. >> we could if we were going to be for the same thing. we are not for states overr...