To the Point
What Does It Take to Be 'Too Big to Fail?'
The Treasury Department and Federal Reserve drew the line at bailing out Lehman Brothers, but the world's biggest insurance company was another matter. We hear why AIG will be backed up with $85 billion in taxpayer money. Also, in just two months, the skyrocketing price of oil has gone into a nosedive.
By Warren Olney • • 1h 0m ListenThe Treasury Department and Federal Reserve drew the line at bailing out Lehman Brothers, but the world's biggest insurance company was another matter. We hear why AIG will be backed up with $85 billion in taxpayer money. Will the line be drawn again or will other companies turn out to be "too big to fail?" On Reporter's Notebook, the price of oil soared to $147 a barrel in July. Now it's down almost to $90. What happened? What's the relationship to the crisis on Wall Street?
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