Page 63 - Aig News Today

Headlines, combative comes out a lot. what would be your suggestion in terms of leadership for the democratic party so that they can successfully move forward. thats really sort of the question for them. >> well, they are speaking out, people like senator elizabeth warren are doing that, maxine waters, senior democrat in the house, on the committee, sherrod brown, theyre speaking out clearly. first of all, make clear that what this law did was -- four things it did, first of all, it put regulati...

People. >> groug let me answer? >> these working class people who want more and arent going to see more with the roll back of dodd/frank. >> you got a moment. answer quickly. >> essentially, we want to protect everybody. remember, aig was one of the biggest investors in the country and it went under because of -- because of excesses in the financial market. the trick here is to educate people better about the kinds of securities theyre buying. only a fool would have thought they could get 12% on...

Senator, and barney frank, representative. it was law put in place in 2010. there were a lot of different laws made into one bill and passed. basically because americans were a little surprised in 2008 and 2009 at how little regulation or how not up to date the regulation of the financial industry was. if you remember, aig was trading in credit default swaps, which none of us had heard about. this was designed to create oversight in the financial world. critics say it went too far. it imposed co...

Executive orders and actions which may actually span over the first several weeks -- >> can you give me a hint as to one or two of them? >> i could, but, look, i want to keep the surprise there. were literally laying out those plans. but i can tell you the president-elect and i and our whole team is -- are very humbled by this moment. the approaching 58th inauguration, but very anxious to get to the white house and get to work for the american people. >> the president-elect has said now more tha...

Were laying out now a series of executive orders and actions which may actually span over the first several weeks -- >> can you give me a hint as to one or two of them? >> i could, but, look, i want to keep the surprise there. were literally laying out those plans. but i can tell you the president-elect and i and our whole team is -- are very humbled by this moment. the approaching 58th inauguration, but very anxious to get to the white house and get to work for the american people. >> the presi...

President and chief security officer of crowd strike services. the former executive assistant director of the fbi, also an msnbc contributor, with aig welcome to you, lets get right into it. as we look at the headlines here, with the president-elect who appears to doubt intelligence agencies, what kind of divide might this create between a trump white house and the national security teams. >> well, alex, you know, the president that to have confidence and a level of trust with the broad u.s. int...

Goes. >> isle take your answer as a maybe. >> very well. >> something you know well, dodd/frank. when you speak with corporate directors and when i intend those gatherings try to understand that space, you cannot go through a conversation without hearing dodd/frank. how would you make it better? >> well, you know, first of all, we have to have an honest conversation about dodd/frank. the republicans are going to have an opportunity to actually see whether they really intend to do what they say t...

Or a wells fargo customer. in addition, one of the things we did that the republicans apparently want to repeal is to pass a law saying you cant lend money to people for mortgages who arent going to be able to pay it back which is bad for them and bad for the economy. because we have the system where the lenders now dont have to get paid back by the borrowers. they sell the right to that loan. they would abolish that. aig went to the bush administration for a bailout, which they got. you know, t...

Or a wells fargo customer. in addition, one of the things we did that the republicans apparently want to repeal is to pass a law saying you cant lend money to people for mortgages who arent going to be able to pay it back which is bad for them and bad for the economy. because we have the system where the lenders now dont have to get paid back by the borrowers. they sell the right to that loan. they would abolish that. aig went to the bush administration for a bailout, which they got. you know, t...

The largest institutions who want to get rid of the restrictions on derivatives and razzle and dazzle, im afraid that they plan to take the legitimate concerns of the smallest banks and use them as a battering ram to get rid of the bigger issue. one of the major things we did was to put information on derivatives and instruments that have traded back and forth, aig was about to get $170 billion in debt and said please help us. the bush administration felt they had to respond and pay you have $17...