Fide Aig News Today

Spelled, theyve not heard the name of this country. all of a sudden something explosive and potentially very, very important is happening there. >> yeah. it is. i mean, it is one of those countries you dont hear anything about. normally its a difficult country to place as well geographically because it comes from the former soviet states. dont have much of an international profile. of all of those states, this one, the united states is perhaps the most crucial because it does have that strategic...

Were laying some people off. and, yes, e rk, were going to o furlough others or relieve them of their duties because the city controllers informed us on may 5th we will be out of cash. that doesnt mean that were in a situation where we wont be able to pay our bills, but if i dont do these actions now, we wont be able to pay those bills. >> what gets you back into a situation where los angeles is a city that people want to be in because it offers opportunity and services like a big city should of...

Mechanism. so, you mentioned aig. under these type of bills if you had an aig situation occur again there would be available a regulation mechanism which, again, you can impose losses on shareholders and repudiated employment contracts and have them continue to perform instead of paying them off, there are a lot of advantages that worked well. >> while most people are mad about the bonuses fide aig, the real story was something was going wrong we should have been able to stop before it went wron...

>> absolutely. >> they need -- who do they want to charge more to or less to? is this like an 18-wheeler going through pays a higher toll than a motorcycle? >> look, there is actually something here to this argument and its a little bit nonsubtle. lets play pretend for a second, i want to be as nasty as i can, the worst-case scenario just for sake of an argument. and lets say you are comcast and they have their version of hulu and people can watch video online for free, but its not really free, ...

Up as well. but this financial crisis has brought us to a situation where many people have lost their homes. more than 28,000 families lost their homes over the last two years. we have a 14 1/2% unemployment rate, which, all together, have really impacted the economy and our revenues which is why weve had to make some of these drastic cuts. >> and lets just explain this for our viewers who dont know this. what happens? does something have to happen? if something happens will you not reduce city ...