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April 5, 2010
Government put $185 billion into aig to bail them outs. now they want to find out if the bailout was necessary. >> shepard: if they told the outside auditors and the auditors didnt do the proper thing, are the outside auditors cull payable? >> they didnt stand to gain or lose by failure to reveal the shaky state or -- i shouldnt say shaky state but questions as to whether or not aig could pay out on all them at once. i dont think the feds there go there. the auditors did a acceptable job. they w...
April 5, 2010
Clothes to avoid drowning while they slept. it began when a crew digging tunnels broke into a shaft filled with water which flooded the mine. a preliminary investigation shows mine managers ignored water leaks before that accident. chinas coal mines are said to be the deadliest in the world. near 3,000 workers died in accidents last year alone, compared to 8 workers in all of the united states -- 18 in all of the united states. log on to foxnews.com for the details and personal stories at foxnew...
April 5, 2010
Many went to aig to insure investments but when housing markets went south and those mortgages lost value, aig was on the hook to cover the losses. but it didnt have enough money so the bush administration says if aig collapsed it could freeze the economy so it put tens of billions of dollars into aig in exchange for a majority ownership. the investigation centered on joseph ca san know that got aig in the credit default swap and now the prosecutors have round into a dead end. lets bring in judg...
April 5, 2010
Policy on the investment. we sold you an investment and well sell you an insurance policy. lose on the investment, cash in on the policy. the question is, if everybody lost all their investments at once, and if all the insurance policies are cashed in, would aig have enough money to pay out on those insurance policies? if no, did they tell investors they would not have the money? >> turns out he told the right people within aig his own fears, this is a great superintendent to make money and safe...