To the Point
AIG: Political Outrage and Financial Stability
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.
By Warren Olney • • 1 min readPresident 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.
The full episode
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AIG: Political Outrage and Financial Stability- 1:35AIG's CEO Faces Congress
- 7:37AIG: Political Outrage and Financial StabilityYou’re reading this
- 42:35Centrist Senate Democrats Declare Independence from Obama
Warren Olney
former KCRW broadcaster
Andrea Brody
Senior Producer, KCRW's Life Examined and To the Point podcast
Sonya Geis
Senior Managing Editor
Katie Cooper
Producer, 'One year Later'
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
The full episode
2 of 3AIG: Political Outrage and Financial Stability- 1:35AIG's CEO Faces Congress
- 7:37AIG: Political Outrage and Financial StabilityYou’re reading this
- 42:35Centrist Senate Democrats Declare Independence from Obama