Page 164 - Aig News Today

Stearns you took too much risk. >> youre saying theyve shut him up and boxed jamie diamond in. >> i dont understand why hes not before the commission today. we know what happened with goldman sachs and aig. why isnt jamie diamond asked about lehman? they were the catalyst. >> jamie diamond is a smart guy. you get him in frontal of a commission of politicianings he might wipe the floor. >> we want to know why did you pull the plug in? that was the spark for it all and it imploded. >> charlie gasp...

Attention are the structural issues that i have been working on. its been very challenging to really go at glass zeigle and the way that will wall street operates. i didnt have a lot of optimism at all going on in this process particularly around drifts, the $600 trillion market that caused the gas price spike in 2008 that cost world hunger to spike around the world because of speculation in commodities and then of course, was at the center of the aig debacle and turned a housing crisis into a g...

Governor. >> as opposed to the middle of the road ones? >> im not sure who it is. >> joe mansion. >> at the thu a big tax on banks in the bill last minute overnight. scott brett of massachusetts seems disinclined to vote for big tax increase. >> barack obama said something interesting over the weekend. he said were going to tax these banks because were going to get back every time that -- >> were topping the news with that. >> we were talking about it around the table beforehand, tax the banks b...

And then the licensing fees to everything michael jackson have raked in $35 million which includes souvenirs, memorabilia, exhibits and tours. cirque du soleil has a tour in the works starting in las vegas that honours jackson and then the gaming company, ubisoft, they announced their plans to release a dance oriented michael jackson video game for the holiday season. so besides shelling out cash, how will we be remembering the king of pop on the one-year anniversary of his death? they are going...

Banks. like i said. the banks are being afforded the ability to misrepresent or not report at all the value of their asset base. they are being given and have been given access to trillions of dollars for the federal reserve. they have been given access and still utilize fannie and freddie. they were the beneficiary of a direct taxpayer passthrough to the aig. paid through to goldman sachs, using your money. mr. black, can you conceive of how mr. summers would come out and claim the banks have p...

To draw you in, dont do it. what does he then do? he comes out -- you can debate whether -- i think john is right, this is a guy whos a prominent figure. >> the guy with the worst week? >> with some exceptions there have been a couple good pieces in the "new york times" on this. did most of the media gloss over the more serious debate here about how aggressive government should be in regulating private corporations, whether its oil companies or goldman sachs or aig or toyota or massey energy? >>...

Its $19 billion in debt. claims from hurricanes rita and katrina, cleaning out the programs reserves, and now the initiative to ensure homeowners may end up soaking the taxpayers. were using the tax calculator to break it down for you. william la jeunesse is live in los angeles. hi william. >> reporter: hurricanes is only one problem but the banks, detroit, aig, we bailed them out but the next taxpayer handout may go to homeowners who are paying below market rates for flood insurance. its so out...

Lot of revenue streams could be siphoned off, especially if we attack away their drill -- take away their drilling licenses, other say put them into receive receiverships. >> i think. >> where is this going on? >> those are all interesting things to talk about but the most important thing is to basically remove them from anything to do with the fix. because right now theyre basically in the way. theyre confusing the government aig we have all the technology you need. they dont have any technolog...

>> chair recognizes the gentleman from york, mr. engle, for five minutes. >> thank you, very much, mr. chairman. mr. hayward, im going to attempt to ask some of the questions that some of my colleagues asked but havent been answered. tuesday we had leaders of exxon mobil, chevron, shell and conocophillips. they all insisted they would not have made the mistakes that led to the well explosion. are they lying to us or are you lying to us by telling us you dont know who was responsible and dont kno...

To be in. this is the hot seat. weve seen it with several ceos, and executives, we saw it with toyota, we saw it with the banks and aig. you know, this is the time where they have to answer the tough questions on capitol hill, and you know, i had mentioned this earlier today, but polls around the country show that the administration has not dealt with this well. but bp, 85 percent of the people think they havent handled it well. jane: bret, it sounds like theyre swearing tony hayward in. lets ta...