Page 161 - Aig News Today

Into a government conservatorship but havent enacted fundamental reforms and they say a lot of the problems were in those agencies not in all of these other things you fixed. >> well, aig was not fannie mae and freddie mac. secondly, there was a failure but they like people to forget they controlled congress from 1995 to 2006 and nothing happened on fannie mae and freddie mac when they were the majority. when we came into the majority in 2007 we did pass the law working with secretary paulson an...

What i would say in response is the following. noting the explosive move in jp morgan stock since the bill came out higher, 12%. noticing the explosive move senator levin, and aigs stock. you pick them. i would assert that money was not spent to defeat it. the money was spent and given to democrat ms and republicans to defeat the bill. if you look at the funding sources for our politicians, how much of it comes for the banking industry sf. >> i think its a substantial percentage. >> yeah, 40%. f...

American people will not be asked to fat the bill for mistakes. no more tax bailouts. if a large constitution fails this reform will wind it down and there will be new rules to end perception any firm it too bill to fail so we dont have another lehman brothers or aig. because of reform, the kind of complex back room deals that triggered the financial crisis will be brought into the light of day. from now on, shareholder and other executives can know that shareholders will have greater say on the...

A big luxury to have most of the republicans and greated many democrats and most independents in my district looking and saying you are fighting for us. >> dubbed the annoyier and chief as the -- annoyer and chief as on the oversight committee looking into waste, fraud and abuse. he documented cases of the administration overstating the response to the oil disaster in the gulf. >> claiming you had all the assets while they were being turned away or not asked for is something the american people ...

Fall for sixth term. >> a big luxury. a big luxury to have most of the republicans and greated many democrats and most independents in my district looking and saying you are fighting for us. >> dubbed the annoyier and chief as the -- annoyer and chief as on the oversight committee looking into waste, fraud and abuse. he documented cases of the administration overstating the response to the oil disaster in the gulf. >> claiming you had all the assets while they were being turned away or not asked...

For what you need in business. and in life. regions. regions. its time to expect more. first, outgoing senator judd gregg the new hampshire republican on "hardball" repeating that old feel-good story that the t.a.r.p. bank bailout made you money. >> the american taxpayer had actually made money off the money that we put into the system to try to stabilize it. weve made about $17 billion off of t.a.r.p. weve gotten almost all the money back that we put into the financial system. we havent gotte...

Problem, all the bank profit coming back to us. of course, theres one small problem with it. the banks are still in debt to us for trillions of dollars and actually paid back the t.a.r.p. with money given to them by the taxpayer. so one hand here, take the money here, pay it back and then, oh, look, i paid you back. i dont know why judd leaves that part out. he mentioned that aig still owes us money, for instance, though he didnt say the i0 is a whopping $75 billion but aig doesnt have any of th...

>> and they are wrong. on the left youre getting it all and people saying t.a.r.p. is evil and the fed is evil. the simple fact is that t.a.r.p. did what it was supposed to do. it basically saved the financial system on main street. on main street, and not only did it save it, but it did it in a way that the american taxpayer has actually made money off the money that we put into the system to try to stabilize it. weve made about $17 billion off of t.a.r.p. weve gotten almost all the money back ...

Earlier from the good government group pogo, getting the fed to cough up documents that showed that aig was actually using its federal bailout money to pay corporate bonuses, and, that was part of what issa was doing and hes obviously gotten under the administrations skin when it bums comes to the bp story. bill: bp and aig and c-span, what was that, carl. >> not just going after democrats, he goes after republicans and issa made some sort of bipartisan news when he went after the chairman of hi...

Bennett out in utah. going after people across the board n your party saying t.a.r.p. was evil. >> well, theyre wrong. on the left youre getting it also. people saying t.a.r.p. is evil and the fed is evil. the simple fact is t.a.r.p. did what it was supposed to do. it basically saved financial system on main street. on main street. and not only did it save it, but it did it in a way that the american taxpayer have actually made money off the money we put into the system to try to stabilize it. w...