American International Group Video & Audio

“…good insurance. And so they came up short the poster child is AIG. . The poster child that the ultimate rescuers the American taxpayer we had to make up the difference. …”

“…is that deals that happened. When some financial institutions were failing and AIG the big insurance company. It is of particular interest here because AIG one of the reasons they fail they were in the business of making holiest -- essentially. Insurance policies -- insecurities that if this goes bad will it in -- owning it will make up the difference deal. And so all of a sudden AIG is just dying and point on the other remedies deals of the Goldman Sachs so the world and instead of trying to …”

“…get a better deal out of there you know insurance relationship -- AIG. . Strikes me as. Not. Realistic in real time. …”

“…large institutions. Whether investment banks like Bear Stearns -- Lehman firms like AIG large finance companies that -- critically important rules you know our economy. From escaping consolidated oversight. We can't allow entities to compete …”

“…considered too big to -- As we saw in Lehman's collapse and AIG's failure. The US government came into this crisis -- crisis in generations went out. Adequate tools to respond effectively when the failure. …”

“…understand why everybody in this country was so angry last December when AIG executives at those bonuses. Is everybody knew the taxpayer dollars have been used to bail them out. No strings attach and replaying …”

“…understand why everybody in this country was so angry last December when AIG executives at those bonuses. Is everybody knew the taxpayer dollars have been used to bail them out. No strings attach and replaying …”

“…Then he first denied and then admitted to -- language into the AIG bailout bill that allowed company executives to receive their bonuses. Dodd's job approval rating hit a low of 33%. In April. It …”

“…Massachusetts did in the past ten years that they've invest that money AIG. . GM and all the rest it so we need tough financial regulation starting with the central regulator that look at the system …”

“…now now. You've got actually Lehman Brothers in New York City in AIG others in New York City getting flu shots ahead of school kids in New York City. …”

“…front line not to leave this guy and the Lehman Brothers and AIG and -- only in New York City have got the shot already. …”

“…the a and they were outside the rules what happened is that. AIG issued these. Enormous numbers. Hundreds of billions may be trillions in credit default swap obligations. Against these. Mortgage securities added we know. Mortgage securities began to collapse because they were based on sub prime mortgages -- and AIG didn't have the -- paid off. And we have to get people -- them how come you have been the Pamela. Well they never thought that the mortgage securities would drop in value they were in effect like people put don't usually like recurrence and vampires. In order issuing -- interest on vampires who never die negation not to worry about paid off. What what we do want our Billy's best. Because the AIG. . Credit default swaps would not with companies like oblivion while the Cabot corporation investors needed. Which could begin please let us take. For -- commercial. Risk in making a product. AIG had made -- point to deal the financial companies would -- in fact with Deutsche Bank the bill that we are hoping …”

“…who would majority. The difference come here we have financial companies like AIG. . Went the other financial companies that engage in these -- to make money. But you also have to have -- to -- …”

“…has been I recurring issue in Washington this year the money that AIG American International Group. . Paid to a group of about traders group of employees and their financial products department. That's the department that critical to derivatives …”

“…the interpretation. When 960 million dollars in retention payments were made to AIG executives at a reportedly. He says this is a failure. …”