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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In this episode
2 storiesOil Prices Falling, Fuel Prices Rising
Only a few weeks ago, the price of oil went over $147 a barrel, amid predictions of a continuing rise. Now it's dropped down almost to $90 a barrel. Get hear the how, the why and the relationship to the overall economy from Joseph Stanislaw, independent advisor to the energy and resources practices of Deloitte.
Read the story41 minAIG's Global Reach, What's Next?
Bear Stearns was bailed out , along with Freddie and Fannie , while Lehman Brothers was allowed to fail .
Read the story8 min
