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To the Point

AIG: Political Outrage and Financial Stability

To the Point

KCRW

News

4.4583 Ratings

🗓️ 18 March 2009

⏱️ 51 minutes

🧾️ Download transcript

Summary

On Capitol Hill today, it was all about AIG. We hear about millions in executive bonuses, billions in bad debt and proposals for new regulatory authority.  Also, Senate Democrats declare their independence.

Transcript

Click on a timestamp to play from that location

0:00.0

From PRI, Public Radio International and KCRW Santa Monica, this is To the Point.

0:08.0

AIG, political outrage and financial stability.

0:15.0

Hello again, I'm Armin Alney, and this is To the Point from Public Radio International.

0:18.9

A daily look at the issues, Americans care about most.

0:21.5

President Obama said today he shares public outrage over bonuses paid to failed executives with public money.

0:27.5

Meant 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.

0:35.4

Is there a way to get the money back?

0:37.4

Why are executives given incentives

0:39.2

for assuming so much risk that it threatens the world's financial stability? What's AIG doing to

0:45.7

bring back at least some of its $200 billion government bailout? We'll ask those and other questions

0:51.5

today. On reporters' notebooks, some Senate Democrats declare their independence.

0:56.4

First, here's the news.

0:57.8

Support for To the Point comes from subscribers of KCRW Santa Monica

1:01.9

and from the Public Radio International Program Fund,

1:05.1

whose contributors include the Ford Foundation,

1:07.5

the John D. and Catherine T. MacArthur Foundation,

1:10.0

and the Rockefeller Foundation,

1:11.6

and its campaign for American workers. More at rockfound.org. Hello again, Warren-Anne, back with

1:17.2

To the Point. On Capitol Hill today, it was all about AIG. We'll hear about millions in executive

1:22.3

bonuses, billions in bad debt, and proposals for new regulatory authority. On reporters' notebook, moderate Democrats and the Senate are getting organized to restrain

1:31.3

what they call liberals in Congress and the Obama White House.

1:35.2

First, this news update, President Obama spoke to the public outrage over Wall Street excesses

...

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