AIG: Political Outrage and Financial Stability

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President Obama said today he shares public outrage over bonuses paid to failed executives with public money. Meantime, the head of the failed insurance giant AIG told Congress he would never have approved the contracts that required those bonuses to be paid. Is there a way to get the money back?  Why are executives given incentives for assuming so much risk that they threaten the world's financial stability? What's AIG doing to pay back at least some of its $200 billion government bailout? We ask those and other questions.

Credits

Guests:
Mark Pittman - Financial Reporter, Bloomberg News, Andrew Ross Sorkin - columnist for New York Times; and founder and editor-at-large of DealBook, NYT’s online daily financial report, Dean Starkman - Managing Editor, The Audit, Mark Blumenthal - Huffington Post - @MysteryPollster

Host:
Warren Olney

Producers:
Andrea Brody, Sonya Geis, Katie Cooper