Page 62 - Aig News Today

What went into michael flynns firing. i think the public will learn a lot more about the nature of the russian intervention in our election and one of the reasons why i think the open hearings are so important is we cant conduct this investigation solely in private session and at some later point throw open the doors heres our report, america, believe it. we need to bring the country along with the investigation. let them understand in general outline who were talking to, what issues were explor...

Interest and remember the aig scandal when they had to bail out a aig and they got over $100 million and they spread it around to all these guys on wall street, they couldnt get the money back. that doesnt sound like a fine oiled machine over there, does it. >> no, it doesnt. the questions i remember clearly with president obama being asked her in his first 100 days were how impressed he was with the office. they stopped short of asking him what his favorite color was and whether or not he would...

Interest and remember the aig scandal when they had to bail out a aig and they got over $100 million and they spread it around to all these guys on wall street, they couldnt get the money back. that doesnt sound like a fine oiled machine over there, does it. >> no, it doesnt. the questions i remember clearly with president obama being asked her in his first 100 days were how impressed he was with the office. they stopped short of asking him what his favorite color was and whether or not he would...

President obama first 100 days you had the aig bonus scandal when they bailed this company out after they tanked the economy, then all of these fat cat execives got big bonuses from main street taxpayers. to have a flynn situation, pop up, yeah, maybe, thats kind of a big deal. but i think in the grand scheme of things you look back at history, maybe not that huge. >> well, jesse, the differences that -- the other thing that happened on to other presidents tended to be things external to your ow...

President obama, first 100 days, you had the aig bonus scandal when they bailed this company out after they tanked the economy, then all of these fat cat executives got big bonuses from main streetet taxpayers. to have a flynn situation pop up, yeah, maybe thats kind of a big deal. but i think in the grand scheme of things, you look back at history, maybe not that huge. >> well, jesse, the difference is that the other things that happened on to other presidents tended to be things external to yo...

On our party. the information was withheld. >> neil: you took the bullet from that. you have a defamation suit going against spitzer. >> yes. >> neil: what do you hope to do there? >> hope to have them pay for the defamation of character that he had been talking about publicly. >> neil: how much? >> i forget the numb. david -- >> neil: more than the nine million. >> i would think so. >> neil: okay. you know that whole period when we go back to that was sort of like the incenter that when aig was...

I dont want anybodys job to tell the president what they think. you have to be responsible for running four offices inside the white house, 60 people and those offices exist for advancing the presidents agenda. its wise advice then and it is now. >> neil: thanks, karl rove. >> you bet you. >> neil: started out with the government wanted to extract $5 billion in a settlement with former aig boss hank greenberg. over the weekend, $9 million. 9 million. hank greenberg is here.

>> neil: you know, this has to be the most bizarre and protracted legal case in financial history. hank greenberg settling a case for $9 million. you might say, $9 million? this started out with them looking at a $5 billion settlement and then a multi-hundred million settlement. $9 million when all is said and done. youre saying, wait a minute. aig is the huge insurance conglomerate that was forced into this sort of odd position where it had to fold its tent. a lot of people lost their jobs. res...

This country. former aig chairman frank greenberg, paying a $9 million penalty for two admitted fake deals. aig was the worlds largest insurance company when it failed in 2008. and was saved by a $180 billion federal bailout. theres still much more ahead on "world news tonight" this friday night. the pipeline explosion. the fiery blast. one worker still missing. a community evacuated. authorities warning flames could burn for days. theyre still on the scene. major damage near americas talles...

Where there is very little chance theyll pay it back. beyond that, the major parts of the law dont deal with lending. they deal with trading and derivatives. the fact is that by a series of mistakes made in the end of the last century, beginning of this one, this new brand of financial derivatives, credit default swaps and other forms of highly leveraged finance transagenctio were left unregulated. aig told the bush administration there were $170 billion, billion with a b, in debt on derivatives...