Page 65 - Aig News Today

[raccoon chattering] [gasps] get a better mortgage on your schedule. not the banks. ndinree. when banks compete, you win. just think of him as aig cat! [raccoon chatter] with rabies. announcer:reour children in the right car seat for their age and size? is the seasupposedo beforward-f? did they move to a booster seat too soon? it may be too late to check when youre on the road. [blaring car horn and skidding] fortunately, youre on the co

For cataclysm crisis, the banks have too much power. do you have think the banks still have too much power post dodd-frank? >> in some ways yes but the question is not whether you should do more but how you do it. i was very pleased that senator sands are who voted for the bill noted that -- one of the things he said he was going to do was use some of the powers we put into the bill for the regulator. we have the volcker rule. so i think that as of today, yeah, they are still more powerful than ...

Do you have think the banks still have too much power post dodd-frank? >> in some ways yes but the question is not whether you should do more but how you do it. i was very pleased that senator sands are who voted for the bill noted that -- one of the things he said he was going to do was use some of the powers we put into the bill for the regulator. we have the volcker rule. so i think that as of today, yeah, they are still more powerful than they should be. in terms of bailouts, we made them il...

Policies that address gun violence in america. because the emotion the president shows there is based in part, in fact, hes come in contact with these families. hes looked at them and talked to them and held them. any america whos done that will have a different view about the urgency of this -- ill say again, regardless of what policies you want to pursue. >> all right. as we mentioned, democratic upstart/supernova bernie sanders is here in gotham city today. this afternoon he gave al big speec...

Your money. first day of a new month. u.s. stock futures are up with a great deal for investors this month. beginning with the latest jobs report on friday. the final report before the fed makes a decision on interest rates. consensus is the fed is likely to raise rates this month for the first time in a decade. nearly every jobs indicator has been improving. now just 6.2% compared with 10.2% unemployment during the recession. the tales of college educated baristas, tales are rarer by the day....

Aig and bear stearns. the government can lend to banks as long as the banks can pay it back in times of emergencies. the latest of the drug price gauging war. remember daraprim? it went from $13.50 to $750 a pill overnight. now the drugmaker will offer an alternative for $1 a pill. the same active ingredient as daraprim. the company will offer assistance to needy patients, but the $750 sticker price has not come down. you will hear more about this in congress and the campaign trail. especially...

Secretary clinton, he raises a fundamental difference on this stage. senator sanders want to break up the big banks, you dont. you say monitor them. >> my plan is comprehensive and tougher. of course we have to deal with the problem that the banks are still too big the fail. we can never let the american taxpayer and middle class families ever have to bail out the kind of behavior that we saw. but we also have to worry about some of the other players. aig, a big insurance company, an investment ...

Wiped out millions in jobs and savings for families and we are still just as vulnerable paul volcker says today. we need to reinstate glass-steagall. >> for viewers at home, glass-steagall is the depressionry banking laws repealed in 1999, prevented commercial banks from investment banking. senator sanders wants to break up the big banks. you dont. you say continue to monitor them. why is your plan better? >> of course we have to deal with the fact that the banks are too big to fail. we can neve...

Went out, when general electric was worried about paying employees. take us to the darkest day. what was the toughest and required the most courage to act? >> well, the toughest times clearly the weekend and week that followed and lehman failed early monday morning, then aig, the worlds largest insurance company came close to failing, the fed and treasury intervened to prevent it from failing. we it to explain that to the president and then explain it to congress. what we told congress, secretar...

And sat here when they passed it. where is that money going to? not who lost it. it went to aig and big banks so they could be made whole again. job to provide an atmosphere of freedom in which nobody can commit fraud against anybody else and get away with it? >> people should be in prison. we dont know which people. we dont know for which crimes, but we do know its being said in a book which drops tomorrow. he might. i wont. >> i bet the book will sell just because of who he is. if he comes her...