Was fighting his own internal battle against his own body. He was diagnosed with cancer just one year into his tenure. Edit in his final Television Interview as ceo, i traveled to croatia to visit him in a place he fell in love with 13 years ago and where he will spend his retirement. During the course of our conversation, it is close to me more about his cancer, the prognosis was not good. In may, he was told he had about 912 months to live. You feel at the time you Master Retirement that i dont have another year in need to stay on as ceo . I knew that the cancer had begun massive mutations. I knew that there was no drug yet on the market. There were studies. Clocknineet the months one year. When . Back in may. The board and i met in april and we said i think you need to do some major changes in the organization. They were concerned about me changing the organization dramatically and then we announced a new ceo. Great and we were thinking about the First Quarter of next year. I said im not going to play the odds. I think the changes have to be made now not later. I said lets accelerate my retirement. The board was happy to do that. Remember, he said he has been here before. In 2010 when he was first diagnosed, he was also devon 12 months to live and he beat that by three years. He is now in a new treatment and says things are better. They say i am stable which is a big word. It was not stable for the last six months and i went through a massive study on a new technology for about three or four months which set me back. The cancer was left unchecked for three or four months. Difficultyt ran into on side effects but right now, they feel they have stabilized it. I will know in another month or two whether we are making progress or not. To be clear, he was in high spirits and on the go during our extended trip to croatia surrounded by his family. Its part of our titans at the table special featuring Bob Benmosche which will air in late september on Bloomberg Television. I want to bring in our chief washington correspondent, peter cook and Erik Schatzker to join me. That is have a news coming out from Bob Benmosche as he enters his final days as aig ceo before stepping down this monday. He has been known and wellknown in washington for his debate style, his management, his negotiating skills during the financial crisis. Said not once did he ever go down to d. C. To meet anybody in washington. How did washington react to his leadership style . Its still amazing never appeared on capitol hill given everything surrounding aig. Its a testimony to the fact that he kept things focused on the business at hand in his own unique and colorful way. He will turn out to be one of the most colorful characters from the financial crisis. He salvaged aig and the taxpayer investment but along the way, it was a very rough relationship with washington particularly the first couple of days and weeks on the job. He basically challenged the governments handling of aig and challenge the issue about the aig bonuses for the Financial Products division and said i am doing things my way and you can take it or leave it. Come ofs in washington the obama administration, decided that his idea was better than the alternative despite the Public Relations pain they sometimes suffered thanks to his colorful comments. Full ofuld call them crazies. He did. The same people who had badgered and berated his predecessor ed lilly. I remember the circumstances surrounding his advisor after ed up before the Financial Services committee and he got hammered. It was the most brutal extremes i have ever seen. He was working to rescue aig for one dollar per day. He got hammered and if you listen to Bob Benmosche, treatmentd liddys angered him and he decided to take the job and is one of the had such antagonism personally toured washington even though taxpayers on the government were effectively controlling aig. What about his reputation on wall street . Well, what can i say . Bob benmosche is remembered by many people as the guy who saved aig. The trip the matter is that he did not save aig. The taxpayers saved aig. What he should be remembered for an this is what i do think people on wall street remember him for his being an amazing cardplayer. He wasbout the hand dealt as the ceo of aig and coming in when he did. Was no ace, and no trump it was as bad a hand of cards as you could have under the circumstances. He sold assets, tens of billions of dollars of assets, aia for example, aleco, metlife in a buyers market. A situationket is in which you dont want to be a seller and yet he magnificently managed to wring the most value possible out of these assets. He not only stabilize the shipments of up to the government that left aig arguably in better shape than it was when Hank Greenberg ran it into thousand six. If you think about it, its a smaller company. It has about half the assets it did when greenberg was running and at the peak of profitability. It is still large but it generates a better return on assets today than it did back then. That is remarkable. It is arguably a better company. It is remarkable and its interesting. You mentioned the sale of the assets. He took overhat aig, there was basically talk about a fire sale of their assets and he said what was key at the time was aia and that Public Offering of the company. He knew that would be a benchmark as to what the assets of aig are really worth and they would not be having a fire sale. Thee would not limited to vultures or sharks that were waiting to pick off prudential was in negotiations to buy aia and kept dropping its offer and Bob Benmosche said no. Why should i sell it at a lower valuation when i can allow public investors to decide how much this is worth . When they come around to the idea that it is worth what i believe its worth and possibly more, we will benefit by selling down our stake and thats what he did. But get back to some of the characters around Bob Benmosche. He himself was a character but when you think about some of the people he worked with in washington tim geithner are and hank paulson before and ken feinberg but then Jim Muhlstein helped them out with the turnaround and Sarah Dahlgren at the new york fed. What has happened to some of these people . They have all gone on and survive the crisis themselves hlsteine on to jim mu is back on wall street. They had to deal with Bob Benmosche at his toughest moments when he was seen showing off his beautiful home in croatia to reporters a month after he was on the job. He caused them tremendous heartburn and pain. They saw in him the best opportunity for taxpayers to recover their investment. They recovered the 182 the lien dollars plus about 20 billion more. At the same time, as successful as he was in terms of that job, you also have to look at the larger picture. If you ask americans today should aig have received a bailout, i bet you 100 that the majority would say absolutely not. If they were presented with the same question if they should be saved in the future, they would say no. There is a bitterness what happened with aig and the size of the bailout and that something i think the success of Bob Benmosche still is not removed entirely. Thank you so much. We will have much more from our it exclusive interview with Bob Benmosche. Lets get back to another top story in banking. If you bank with jpmorgan, you might want to keep an eye on your account. Russian hackers are said to have attacked at least five banks, stealing sensitive account information that could be used to drain funds. No such activity has been spotted yet. Whome bring in mike riley focuses on ciber and whitecollar crime and he joins us from d. C. This is quite disturbing to hear about. What do we know so far . We know that its a serious event. It was not just jpmorgan. Officials tell us there was at least five banks involved and another big u. S. Backed is involved and there are probably others that may include european banks. This is a sophisticated attack that involve access in one case using a web application. What it means is that these guys were really good at their job. They spent a lot of time locking down the front doors. That is exactly what these hackers did. They extracted gigabytes of data including the kind of data you could use to empty the accounts which is scaring the banks. And scaring customers because isnt it true that you hear about retailers getting hacked and other companies but banks have pretty big firewalls, right . Yes and big security staff. Thanks for the money is and they are constant target for cyber criminals so they have the best tools money can buy and usually the best people that money can buy. This shows that the bad guys always have advantages if they are good enough and sophisticated enough, they can get through anything. This is a wakeup call for banks. I think they look at themselves as at the top of the security pyramid. Walk inan hackers can and grab the most Sensitive Data and walk out again, we are in an entirely different world than we were earlier this month. Is this in retaliation to the sanctions on russia . Thats on the table. One of the banks has connected this to not just Russian Hackers but Russian Hackers with a connection to the government. This is a hard thing to do, attribution for hackers and trying to find out who was behind it and who might be giving the orders. Russia has a history of using hackers in cyberspace as alternative troops. We saw it in estonia and georgia. Its a tough question to answer m a take weeks or even longer but there are certainly a lot of that there is a government and in it. Thank you so much. Let me get to breaking news overseas then youll enter into exclusive talks with telefonica on gvt. Telecom italia offered 9. 2 billion for gvt and moments later spaced telefonica vucevics earlier bid to 9. 8 billion. Vivendi will enter exclusive talks. Coming up, the campaignfinance stance on how candidates talk to the money men who run the super plus, ford shifts gears and starts making a version of its iconic mustang to sell overseas. Much more on in the loop. New Jersey Governor Chris Christie has had a busy summer. He is raising money across the country for fellow republicans and appearing on the tonight tradeand preparing for meetings in mexico next month. Is he preparing to run for president . Officials are looking into politically motivated traffic tie ups at the gw bridge and he said he had no involvement. They expect federal prosecutors to decide in the next few weeks whether to bring charges. If there is 2016 in his future. The 2010 Supreme Court decision that unleashed a new interest of left one keynding regulation intact the bannock ordination between candidates and outside groups. Andto a series of loopholes crafty planning, human that seems to be falling away. Phil mattingly dug into this. Walk us through how this actually happened. Its bipartisan and it does not matter if you are a challenger or an incumbent. With the new push from large outside groups, hundreds of millions of dollars, candidates in those groups of basically try to figure out ways to stay on the right side of the law but let one another know what is going on. At one of the races, Colorado Senate race, where cory gardner is a highly touted republican recruit challenging the incumbent democrat. See two groups backed by the Koch Brothers and another one backed by karl rove. Mediase leaks to the news and public filings and look at Campaign Donations and fundraising of the candidate and you can actually see them move in and out in accord native fashion. Can see what they are doing at this time setting the stage for cory gardner to come in. They give him a solid month or two to raise his own money and set up his Campaign Infrastructure but by the time hes ready to deploy ads, those groups start pulling their ads down. This goes across party but what we have seen over the last two election cycles is the evolution of how groups and candidates who are not working together, they are keeping each other in the loop as best as possible. What are the biggest risks that these outside groups opposed to the candidates they support . Major concernen on the candidate side of things that these outside groups will go off on their own and open up new lines of attack and on some level, undercut the candidates they are trying to support our it is what you have seen him try to tighten how they work together. Aidesample, campaign treated out a link that said Important Information for new link was that senator Jeanne Shaheen who is running for reelection to her website. Like a script attacking scott brown, the challenger. There was no reason for that script to be there and know at coming out of that script for her campaign. Two days later, the senate this on the push democratic side and release campaign ads tracking that exact script. The ideas to ensure that everybody is coordinated while staying on the right side of the law. What about the idea that these groups are becoming increasingly intertwined . Are they all on the same page in the comes of these races . They are not. Cannot talkgroups to candidates but they can talk to one another. These groups have the, lot better at working together. The dont always support same candidates. You saw this in the republican primary. Some of the conservative groups split with different candidates. As we go to the general election, on both sides, these groups are more tightly coordinated than ever before and they are all looking toward november to push their candidates through. Thank you so much. Read more of this story in the latest addition of bloomberg news. Coming up, new competitor in the wearable device category samsung is launching a new smart watch. Do you own one yet . We will be back. You are watching in the loop, on Bloomberg Television, streaming on your phone, your tablet, and bloomberg. Com and now available on apple tv and amazon fire. Spain telefonica looks like it is one of the four gvt. Who will enter exclusive talks with telefonica. 2is came moments after billion 9. 2 billion dollars was offered. It was a pretty short bidding war. The leader in the peer to peer lending industry is going public. Lending club has filed for an ipo. The company acts as a middleman connecting those who want to lend money with those who want money. Customers can borrow up to 35,000 for 35 years. A firsthas unveiled smart watch that can act as a standalone smartphone. The watch also comes with fitness sensors and navigation and a new service so you can keep up to date on bloomberg are in its 26 minutes past the hour which means Bloomberg Television is on the markets. Equity futures are a little bit lower. The s p had closed right at the 2000 mark. Pointimmensely important for investors and we will get jobs claims numbers in a few minutes of that may determine how markets trade later. We are on the markets again 30 minutes. Car, every guy loves this the ford mustang muscle car. The 2015 model will start production of fords plant in flat rock, michigan. Matt miller is joining me this morning. You like these cars . I absolutely love muscle cars. I think all redblooded american man love muscle cars. Some people prefer a camaro over a mustang. This is an amazing new design. Its also the 50th anniversary and its the most liked car and facebook, 8 million likes on facebook. Thats out of any car so including german and italian competitors. I know that they have been moving out of chevy for the past couple of years. Let me bring in the ford president and america. Great to have you this morning. Floor on the factory where the first 2015 mustang production is going to start. Productiont kind of or volume are you expecting out of the 2015 model . , we are justng starting up production and then we will bring out the new mustang. We will ramp up slowly to get the quality right and make sure the vehicle is ready. Once we get going, we expect Strong Demand for the new model. It is new in so many ways. We dont give out sales projection numbers but we are excited about the demand in north america and around the world. The chevy camaro has done quite well. I know mustang has dominated the muscle car market for a quartercentury. In the last four years, the camaro has been the mustang in sales. How do you reclaim that title . With sports cars especially, they are reliant on new models. Once we launch this new model, you will see our sales really pick up and see that happen. The first couple of years, there is high demand in the sports car cycle. People are excited about the new model and the design is a big part of this. We know this vehicle has a lot of new technology and their customers will love that. Our plant is ready to build them for here and around the world. Independent rear suspension is a first for the mustang. Its a beautiful car and i know you will have a special badge commemorating the 50th anniversary on the dials for the 2015 models but how do the pure and the mustang. React to the new technology involve . It, theyou look at purists know its a mustang. Still has the iconic look and it sounds like a mustang which is important. Harkens back to the 1960s and 70s. There is a lot of dna and that mustang and has the 5. 0 liter v8. That are a lot of reasons purists will of the vehicle but around the world, the independent rear suspension and infotainment system is expected from the buyers for today. We will give that to them in the mustang. I saw the yellow v8 rollout behind you and we are showing pictures of a white five liter right now. You have this new ego boost engine. Are notepower figures as impressive as the torque figures. Are americans serving to understand torque more . I think people are. I think they know what torque means for acceleration what it means off the start and how that eels in the vehicle. We are also excited about the 2. 3 liter ecoboost engine for our european lea