Page 167 - Aig News Today

Legislation. and what we did is make sure that all of the important ingredients of what i have been fighting for remains in that legislation. for example, what you will see, if my amendment passes and we carry that into the conference committee on december 1st, youre going to see a list of all of the financial institutions that have received trins of dollars in low-interest loans, zero-interest loans if the fed. it will be up on your internet screen. number two, explicitly put into and strengthe...

On the hook for 17.1% in theory. in reality, were not going to let europe go down. no, no, no. we cant. theyre too big to fail. well have to contribute more and more and more and more to prevent their demise. you are already on the hook for the mess in greece and europe. in fact, when aig got $180 billion of your tax money, do you know how much of that wound up going to european banks? european banks? why is nobody talking about this? european banks? $30 billion of your money. to europe. i told ...

Companies would have to pay special assessments or fees to make the taxpayers hold. >> bret: does this really prevent the next potential lehman brothers or aig? supporters say it does, including show l sheila bar baia listen. >> all of that is the same. what we have the capacity is work with the regulator in advance so if a bank fa fails well be there months in advance. but some charge that there are loopholes saying some firms would get special tre treatment under the plan. >> bret: are they wo...

Theyre going to get the money. even if they dont pass it, remember, the way we give people money now, is we print it on a printing press at the european central bank or federal reserve or allow them to lie about the value of what they own. that is what will happen with greece. >> here is my question to you. at what point is this going to be affecting our dow -- >> it is. >> it is happening today. this is a direct cause and effect of that. >> here is how i want you to think about greece, portugal...

On the hook for 17.1% in theory. in reality, were not going to let europe go down. no, no, no. we cant. theyre too big to fail. well have to contribute more and more and more and more to prevent their demise. you are already on the hook for the mess in greece and europe. in fact, when aig got $180 billion of your tax money, do you know how much of that wound up going to european banks? european banks? why is nobody talking about this? european banks? $30 billion of your money. to europe. i told ...

That they could recover it all? >> first of all eye dont know. judd gregg doesnt know. you dont know. we dont know who received it. they intend to. im sure they intend to. the question is, for example, did they use some of that money to invest in government bonds at 3%, having just received zero interest loans. why are they not -- how do we know if they are or are not presumably not lending out money to shawl businesses which is presumably the goal of that loans. there are conflicts of interest ...

Companies would have to pay special assessments or fees to make the taxpayers hold. >> bret: does this really prevent the next potential lehman brothers or aig? supporters say it does, including show l sheila bar baia listen. >> all of that is the same. what we have the capacity is work with the regulator in advance so if a bank fa fails well be there months in advance. but some charge that there are loopholes saying some firms would get special tre treatment under the plan. >> bret: are they wo...

The federal reserve cash that i can go out and work with and you dont want to reveal to me as our government what that collateral is. i dont see what fact im misrepresenting. im questioning you are representing the facts accurately. when you tell the people that this money has been paid back or will be paid back. because i dont see any evidence of that whatsoever. >> the t.a.r.p. money put out to the banks has been paid back with interest and dividends. the only money that hasnt come back is the...

Here. was the good name of aig, which turned out to be not very good. so when you put these items on a clearing house, you address that swash specifically. as they me great them other to standardized products, to an exchange-traded goal, you take out all the questions of transparency here. that can all be done, under the bill that i support, under the dodd bill as its protectly structured. without the sfgs on moving out the swap desk. the problem with moving out the swap desk is you create an in...

I guess what the reason that politicians refuse to make this public, because it will reveal that there is a $600 trillion leverage against the balance sheet of this country, that they dont have the capital to post for. and just like audit the fed, our politicians are hesitant to reveal to us the fact that the banking system, in some cases, leverered using credit dwee fault swaps by as much as 33,000 to one, according to goldman sachs and bank swap. >> as you move the derivatives on to clearing h...