Government Tries to Keep AIG Afloat

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The insurance giant American International Group posted the biggest quarterly loss in American history during the last three months of last year, $62 billion. That happened even with $150 billion in taxpayer assistance. Today, the Treasury Department said AIG will get $30 billion more, and it's likely there will be more to come. Joe Nocera is a business columnist for the New York Times.

Credits

Guest:
Joe Nocera - New York Times - @nytimes

Host:
Warren Olney

Producers:
Frances Anderton, Sonya Geis, Karen Radziner