Page 168 - Aig News Today

Expert in the area of credit derivatives. has the money been paid back? >> well some of the money has been paid back. certainly what it took to bail out aig, the investment banking side of aig, not the insurance side, has not been paid back. and thats because congress permitted these institutions to sell psuedo insurance, psuedo securities, psuedo banking products. at a completely unregulated rate. right before the abrogation of glass-stegall. before putting in a law that permitted to us sell de...

>> this company is built for sustained success and profitability and what we all know to be a hyper competitive industry. >> cnbcs phil lebeau live in new york. start with saying what critics say about the merger. keep an eye on the largest airline. >> theres also a concern when you have two airlines like this getting together, tamron, its going to hurt customer service. so far the reaction on wall street and from those who have taken sort of an objective look at airlines getting together is one...

Countries and people in such a bad situation where now people are paying for it because they are looking to the piper. >> so everyone understands that some people on wall street -- how many people do you think it is really in the decision making chair at certain institutions that were able to do this? 20, 25 people total probably that did this whole thing give or take between the treasury and between aig and all the rest of it? >> thats about right. >> how do we separate out the scam that was an...

Were back with a little "busted," anthem blue cross blamed their decision to boost premium rates by $39% was math error. they must have friends at aig. anthem calling the mistakes inadvertent miscalculations. the rate hike is now on hold. but policy-holders could still end up paying more. anthem now says it will file a new application for a rate increase as early as next month. meanwhile, the owner of the west virginia mine that exploded earlier this month killing 29 miners is now the focus of a...

Marco rubio, who is a great guy and i think should win. >> ari, what do you say? >> crist has over $7 million, and both of the other candidates have over $3 million. incumbency is generally a bad thing. but with that kind of money in the bank, hes going to keep running, thats what most politicians would do. you cancy its craven. matt should look at the policy, matt should look at the changes hes made. ult a matly what you have down there is a sad state of affair, the only time you get genuine ra...

That was allocated for the bailout last year. and that cant happen again. that caused a spiral that is part of the problem that we now have with this rising debt in our country, that is going to have another major impact on our economy, adverse. >> right. but if you get rid of that funding and you say a firm that was failing would have to go into liquidation. but can you see there might be a possibility where there say firm similar to aig that cant go into liquidation and still hold the door ope...

Right now in the politics side of it because were so concerned about the families that are out there. obviously were concerned about this issue. there are things that we are doing on our end to work with our legislature, to work with our governors office. most importantly to us is the members that are out there and those employees who have been already so hard hit by the tourism effects in arizona and the devastation that weve seen because of the aig effect and the recession. and now to have ano...

The goldman sachs execs, republicans in the senate are blocking democrats push to get the financial overall bill to the floor for debate. this was the third attempt this week. rich edison is here to explain whats at stake. what are the sticking points? >> there are a handful, mostly dealing with what to do with the large financial company on the verge of failing like aig. senate banking chairman chris dodd and richard shelby trying to work this out. aides say theyre moving toward a deal on some ...

Look, they gave goldman sachs $13 billion, ran it through aig to bail them out of a bad bet they had made. look, maybe its legal what these fellows are doing, but why would we want to save a company thats in business half time if the housing market collapses they really make a lot of money? >> you make a good point. first of all, when they bailed out aig, you really bailed out goldman sachs, 100 cent on the dollar as a creditor. part of this too big to fail, weve got to make sure that the credit...

People decide who is really for wall street reform. i mean, when the republican leader of the senate went with my counterpart, chairman of the republican senatorial campaign committee, last week, the hedge funds and wall street entities, im sure it wasnt to tell them how hard it was going to be on them, it was to solicit their report and -- their support and they came back with a game plan. gregg: you heard the remarks of your colleague a moment ago, senator demint, about continuing bailouts. as...