To the Point
Could AIG Wreck the Global Economy?
American Insurance Group, the world's biggest insurance company, is getting history's biggest bailout. But where are almost $200 billion in taxpayer dollars ending up? The Federal Reserve told a senate committee today that going public could destroy AIG, putting at risk the world's financial system. We update the hearing and get the background. Also, “substantial doubt” about GM's ability to survive, and Russia and Iran are on the agenda as Hillary Clinton attends her first meeting of NATO.
By Warren Olney • • 1h 0m ListenAmerican Insurance Group, the world's biggest insurance company, is getting history's biggest bailout. But where are almost $200 billion in taxpayer dollars ending up? The Federal Reserve told a senate committee today that going public could destroy AIG, putting at risk the world's financial system. We update the hearing and get the background. Also, “substantial doubt” about GM's ability to survive, and new ties with Russia and mixed signals about Iran as Hillary Clinton meets NATO leaders in Brussels.
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