remember aig's role in destroying wall street, remember that aig? before they were that aig, before they earned that part of their reputation, elliott spitzer sued the pre-financial meltdown aig. he brought charges in 2005 saying that aig and two other firms were telling customers that they were three separate companies. three separate companies that were competing for your business to give you the best deal when in reality the charges said the three companies were working together. they were colluding, working it out amongst themselves to divvy up the business for mutual gain. fake were in competition. the most memorable thing about that case against aig, is that aig at the time was run by this man, hank greenberg. the other two companies that were supposedly according to the customer, totally independent but spitzer said were colluding with hank greenberg, the other two companies were run by his sons. three companies, dad, lad and lad in a colluding triangle to rip off america. those were the charges. hank greenberg, the dad of that alleged crimin

i didn't have a problem with the aig bonuses you've got to pay to keep people. i don't like bailouts. i don't like handouts from the government, but i don't want any more government intervention and you have people there, this has to be, these bonuses have to be approved by the bankruptcy trustee. the bonuses team very big, but if you're trying to make something, i mean, they're basically trying to make a something out of a cow patty. >> neil: and the bonuses up to 50,000, what some of the aig guys are spending on lunch. >> a percentage of the salary. one of these bonuses is about 30%, it's enormous. >> i can't imagine the unwind at solyndra is as complicated as aig. >> not even remotely to be compared. not remotely to be compared. and charlie put it-- >> you can't just sell solyndra's assets. >> how can you say that, think about it. >> charlie has nailed it completely it's incredibly complicated. >> you have to sell solar panels for pennies on the dollar. >> don't have to sell them at all. >> and for home depot, lowe's and-- >> and how about selling them at all

>> goldman sachs basically made bet that aig would be able to pay them. aig went bankrupt. those cases, you lose all of your money, sad day for you. in this case sad day for us. because hank paulson talks to others, and they said not only are we going to have this bankrupt company pay back goldman sachs with taxpayer money, but we're going to do it at 100%. that's crazy. no way when a company goes bankrupt, that they pay 100% of that. they went bankrupt. they pay at best a small percentage of that money. but in this case we didn't have normal business. they took $13 billion of your money, and gave it to goldman sachs because the guy running the shop had made over $500 million from goldman sachs. that's what we're angry about. because they fixed the system. they took our money. if you made your own money, god bless your heart. and the walton family is unbelievable. do you know that the six heirs of sam walton who created wal-mart have the equivalent of 100 million americans their wealth. so they have been arguing that the estate tax should be lower. why? because they need to

you had financial operators on wall street at companies like aig who frankly knew more than the regulators did who were inventing products that they even failed to grasp or understand and the government was way, way behind so can't you understand those who have a problem with government coming in thinking now we'll be able to write this and now we'll be able to protect consumers? >> we have a market that got broken on its own leading up to 2008 it destroyed the economy. millions of people lost jobs and lost homes. often through no fault of their own just because these were the circumstances that occur when you have such a gross economic dislocation and defining click moment of our lifetimes. nobody was focused on consumers. nobody was focused on how these markets affected people in their daily lives for consumer credit, for mortgages, for student loans. with very that in bureau. it's a good thing. i think if we do our job well it will make a difference and improve the lives of americans and if we had this bureau in pla place ten years ago, we would have seen coming a lot of problems that e

she says companies ranging from motors to aig still owes department's. some money will just never be recovered. going debt is not an tosome when it comes valentine's day dinner. it j.p. sidney -- j.c. likey stores may look apple stores. coming up a new spirit i abc 7 news. for back to you. >> i like this she is thinking to valentine's day. now is the time. >> it is time to be thinking. wait till the last minute. is 41 degrees this morning. >> still to come, and alert for residents in northwest washington. searching for the man assaulted and a woman. >> this is days before the florida primaries. have the latest on the campaign trail. we have [ male announcer ] we asked real people if they'd help us with an experiment for febreze fabric refresher; they agreed. [ experimenter 1 ] relax, take some nice deep breaths. [ experimenter 2 ] what do you smell? lilac. clean. there's something that's really fresh. a little bit beach-y. like children's blankets. smells like home. [ experimenter 1 ] okay. take your blindfolds off. ♪ hello? [ male announcer ] and now

see the break even price the stock has to hit at about 24 bucks, aig, and 52 bucks for gm. ally is not a be lickly traded company. the watchdog is saying watch out for ally. that may not be exited in the tarp investment for years to come, jon. jon: the president was bragging on gm in his state of the union but the stock price is less than half where he bought it? >> reporter: that's exactly right. the full investment in gm is about let's say $52 billion, a little over $52 billion. we're still waiting to see whether or not tarp can make money on any of these companies. we know that the gao is already estimated based on an audit of treasury's financial statements that taxpayers could eventually see losses of $70 billion despite what you're hearing from the government that taxpayers will make money on tarp investments. could be up to $70 billion or even more in tarp losses. back to you, jon. jon: i would like to handle my own investments. >> reporter: there you go. jenna: like to handle my own too. jon: don't give me your money. jenna: republican voters are still trying to dec

i visited shabu pub during the days he said there was aig posted outdoor diotee a sign posted. also, one of the rooms upstairs had been converted to a bedroom. ere wereeral thous dollars in cash and what not alsoalr doorat led on to the roof that the fit level, which had a letter attached to eside -- a letter attached to the side to let you get out e backdoor sill there was a full shower which had recently been used when mr. opened e door the mirror was steamed. there was a pair of women's panties hanging in the showers well time ie kehi about anything, he has changed his story numerous times. i caonlymehe lyito me first he said the shower was for workers, if they had to stay late hehebed wasfor the same thing. later, he said it was for his own personal use. ve thehoto i have the of reviews. -- he el rie aside from that, his application is far from complete. we recommenditets deni vice chair joseph: thank you very much. can you take that from nicholas, behind you? fore benefit of theaudienc d cosiers, ist ntto quote section 10 60.1 suection may -ecti it is unlawful to conduct,

top businesses, c.e.o.s and entrepreneurs, including the trump organization, the "new york times", aig, warner music group, and even "nightly business report". she represents numerous companies on the fortune 500 list, not bad for a person who hadn't even thought about a career in insurance when she was studying at the university of michigan. however, the more she learned about it, the more she felt it suited her. >> it sounded like the perfect requirement of my skills, persuasion, listening, getting people to follow somebody's desire to get something done, and then getting it done. one thing people in our business like is after we make a recommendation, we then have to deliver on it. and make it happen. >> tom: making things happen has become newman's trademark. she has the ear of some of the most powerful c.e.o.s in the world and she gives them the peace of mind to sleep well at night. >> pam has always just been there, when ever there was a problem, there's a flood, there's a fire, there's something, she's always there and her staff is always there, ready, willing and able. and i ju

maybe we'll get the aig money back. the other two maybe not so much. general motors, we the taxpayers own general motors stock, to break even the stock would have to be 54, $55 a share. right now it's trading $25 a share. aig getting close to the breaking point trading $25 a share, 28, 29 is the breaking point. allied bank used to be called gmac, general motors acceptance corporation, it's a financing wing of general motors. we gave them $12.5 billion. they turned themselves into another financial institution kaud allie called allied bank. you know the guy that tricks the little kid about banking. they are now a financial institution. that -- martha: general motors is doing just great in the state of the union, so i assume that that stock will start moving up and we'll get paid back, right? >> reporter: i don't know, martha, the ipo of the stock, the government bailed them out, they brought that company public at around $31 a share a year ago or so and it's done nothing but go down since, full disclosure. i hone some general motors stock, i'm going to

companies ranging from general motors to aig still owe the treasury. some of that money may never be recovered. interest rates low to least 2014. the bloomberg maryland index was higher on gains for stanley black & decker. we'll get quarterly results today for under armour and lockheed martin. ron johnson crews worked at apple and target. he's streamlining sales events at jcpenney. you have heard about tennis elbow. how about ipad neck? users have bad neck and head posture while looking at tablets which can be looked at from all angles as opposed to it desktop which is stationary on a desk. >> right here. >> i see that with carlotta. >> 6;20. 40 degrees on tv hill. >> he was the architect for the ravens defenses for years. who will replace chuck pagano? >> don't forget to e-mail us your response to our water cooler question of the day. do you think the ravens' defense can continue to dominate despite the loss of defensive coordinator chuck pagano? you can share your response at wbaltv.com and on our facebook page, or send us an e-mail to watercooler@wb

billions of dollars went to general motors and aig but because of the economy it could be years before they break even. >>> mac world opened today with a new name. mac world i world. the general manager says people can discover new ways of using those devices and many ugadgets. >> it is a mobile lifestyle event. people are using their iphones and i pads. >> even though apple pulled out it is the ultimate event for apple fans. it runs through saturday. >>> according to researchers, using an ipad could cause a pain in the neck. they examined the effects. and they looked at the head, neck and shoulders. users that hold the device around lap level usually hunch over to look down and they say that puts strain on the neck muscles. more so than someone using a laptop. >>> the amount of coffee women drink could effect their estrogen levels. researchers studied the effect on women and found depending on race, it effects levels differently. african american and asian women who drank two or more cups had elevated levels. white women had slightly lower levels. >>> a report finds that working overt

movement in the first place, opposing massive government interventions, whether the tarp bailout or the aig bailout the obama stimulus, the obama healthcare plan, mixed record on that. i think we have to be honest about the awards. we're going through the process right now. it's good and healthy. >> sean: i agree, and them going after each other it will make them stronger. but there are four candidates, ron paul, rick santorum, newt gingrich and mitt romney. at this point we've asked xd their records side with ways up and down. i can't think of any new question except as new events develop that i haven't asked them already. here is the point: i really admire your work and i am reading your writing but at some point i hope you realize that one of them is going to be the nominee. i'm just concerned because you are a prominent conservative voice. you seem that critical that i am concerned. are you able going to be support one of the four at the end of the day? >> we'll see who it is. you haven't endorsed anyone either, sean. i would imagine the same reason i am. i want them to go through the p

winter in wisconsin, our governor was out of state having a fundraiser hosted by the former head of aig, who last i recall taxpayers bailed out. >> how do you think you can compete with that? that is both a description of the political machine behind scott walker but also a description of how he has been successful. if you were to be the democratic nominee to run against him, what would be your plan for keeping up with him in financial terms? >> because i have spent my life fighting for citizens in wisconsin and we are united. i have never seen anything like this in our state. old and young, men and women, from every corner of the state, democrats, independents, some republicans, a lot of people have never done anything political, they want back the state we love and walker is not on our side and walker's agenda is not for working families in wisconsin. you know, as i have been arm in arm with citizens across the state over the last year, particularly in the last two months of the signature gathering, i have come across the people who hearts and souls here i'm fighting for them. just gi

his morning on the curvy couch, scott walker after the big fundraiser that he had with the boys at aig in new york on tuesday night. when i woke up this morning in madison, wisconsin, this is the headline i woke up to. i saw the wisconsin state journal, walker is running scared after the recall petition drive, he's basically on the ropes and so he runs to the safe haven of conservative talk radio and the noise machine. >> scott walker, i think arguably one if not the best governors in the entire country. >> certainly don't want to see endless campaigns, that what is we have thanks to the big money coming in from washington from the public employee unions, we'll fight that scottwalker.org, hopefully people will join us. >> governor, thank you. nice to see you, sir. >> i hope with the chance with the help of people they can help us out. >> they want to recall you're effective doing what you said you were going to do and what you said you were going to do is working and that is the last thing the left can tolerate. >> really? i'm sure rush got out of bed yesterday and said "you know, the

why goldman saches got 13 billion in the back door from the aig from the american taxpayer. how was that decision made and a per're persian back got 19 billion. who wasn't help why? it is astonishing that you have a country which enormous amounts of monep have gone to big, big institutions. dodd-frank bill increased the size of the largest banks. the banks are a problem. that is crushing small independent banks and yet the washington power structure is incapable of having a hearing . romney's fundraisers are from wall street and old establishment and investment in protect being the old order . we need to change washington. >> chris: we'll talk about one member of the republican elite who is bob dole who was the senate republican leader and he put out a statement this week about you. here it is. he, referring to you. a one man band who rarely took advice. it was his way or the highway. newt gingrich had a highway every minute and most of them were off of the wall. sir, how do you respond the charge? it came from a lot of people who worked with you. that you were a great insur

people signed to oust the governor and he is in new york doing a fund raiser with the former ceo of aig so it is clear that he is disconnected with the challenges of the workers and the families in his state, but at the same time, budget cutting has become an attack, and a weapon by the republicans across the board and not just governor walker, but you know, you look at the cut, cap, balance which is something that the republican candidates including mitt romney and others in congress have touted. there are concerning issues that i think that people are going to take a closer look at over the next couple of months. >> but they have state jobs though, and that is a national thing that there is improvement there, but they have, jen? >> wisconsin -- sorry? >> wisconsin among others? >> well, that is true, but at the same time, people are concerned, also, about making sure they have the rights. making sure they have the, you know, the ability to stand up for their workers in the state, and workers, you know, aacross the country and this is an example of someone overreached and trying to cut

people signed to oust the governor and he is in new york doing a fund raiser with the former ceo of aig so it is clear that he is disconnected with the challenges of the workers and the families in his state, but at the same time, budget cutting has become an attack, and a weapon by the republicans across the board and not just governor walker, but you know, you look at the cut, cap, balance which is something that the republican candidates including mitt romney and others in congress have touted. there are concerning issues that i think that people are going to take a closer look at over the next couple of months. >> but they have state jobs though, and that is a national thing that there is improvement there, but they have, jen? >> wisconsin -- sorry? >> wisconsin among others? >> well, that is true, but at the same time, people are concerned, also, about making sure they have the rights. making sure they have the, you know, the ability to stand up for their workers in the state, and workers, you know, ak cro a the country and this is an example of someone overreached and trying to cu

save them just as we should have saved aig. release the e-mails so we know what the dynamic was with investigators and what you knew. then we can make a judgment. >> i want to end on the romney commentary. it's interesting we have someone in the middle of the mainstream political debate. he's a significant contender to run for president of the united states. what can we all do to help encourage not only former g governor romney, but current president obama and any other president aspirant to adopt this type of thought? they may not like our ideas, but at the very least, to have the integrity to demand the investigation before they go resolving anything? that's a question for both of you. >> the campaign for fair settlement is about this. it's an umbrella for people who have different versions, but don't settle with the banks in a small fine. that's a disaster. you need a proper full investigation. that's what eric snider was asking for in new york. other attorney generals are on board. the president needs to get on board and ne

walker was grabbing more money in new york at a fundraiser hosted by the founder of aig. while the governor was getting the cash, i was talking with the people who made this moment happen. if it wasn't for the wisconsin 14, those senators who drew attention to the injustice of walker's legislation last winter, we might not be here tonight. i spoke with three of the wisconsin state democrats today. >> three senators have been on the forefront of this fight to recall walker, chris larson, kathleen winehout and fred, they have seen a lot of things happen. chris, what does it mean to have this number of signatures. if you look at what happened in california, far beyond what they did with gray davis you're at 24, 25% of the electorate, what does it mean? >> it's huge. they had twice as long in california. this is history in the making. you have a million people from all different parts of the state, stepping up to say they want to see a governor, a new governor who will bring the state together. this guy is dividing us. that is what this says. this is history. >> kathleen, thi

british air way's parent aig estimate this will cost more than $100 million this year. under a carbon trading system, companies have to hold carbon credits to emit greenhouse gases. ultimate goal is to push industries toward greener technology. critics say, including the u.s. state department, this amounts to an unfair tax on companies based outside of the eu. the extra cost could amount to as much as $16 each way. >>> airlines won't be able to bury additional fees and taxes in the fine print anymore. beginning this month, new regulations from the transportation department require airlines to include all mandatory taxes and fees and advertised fares. up until now, the department has allowed airlines and travel agencies to list government- imposed fees separately. that can add 20% or more to a tickets price. the advertising rule will go into effect january 26th. southwest, allegiant and spirit have filed appeals to have the rule overturned. they argue it violates commercial free speech rights. other passenger protections go into effect including a ban on price increases

i would like to find out why a goldman, sachs got $13 billion from aig from the american taxpayer. why did a parisian bank get $19 billion from the u.s. taxpayer? who was helped and who wasn't helped and why. i think it is astonishing that you have a country in which enormous amounts of money have gone to very, very big institutions. the dodd frank bill has actually increased the size of the largest banks. the banks who were the problem. the dodd frank bill is gradually crushing small independent banks and yet the washington power structure that seems incapable even of having hearings to look at this and frankly if you look at the list of romney's top fundraisers they are all from wall street and all from the old establishment and all have a vested interest in protecting the old order and i think that is a mistake. we need to change, washington, not keep it in its current form. >> chris: let's talk about one member of that washington power structure, part of the republican elite and that is bob dole who was the senate republican leader at the same time that you were the speaker of

investors including funds for working people and firefighters and the like, was equivalent to what aig did in coming up with complex finaial instruments thated to financial collapse orsubprime lenders, and areou suggesting that's the ae quif luns in how ruthless they were? >> somebody who was an investor and a deal maker says flatly he not deal withheorork with uld them. i recommend you read his article. i am not an expert in this kind of financial stuff,ut i do think if you are going to run for president, and if you are ing to base a lge part of your claim on your business experience, you have to he some expectations of people asking you to open up the books and prove it. you cat just run for president on claims. you have to have an actual experience. my life has been so much in the publicsector, and if i say i worked with ronald reagan to develop a jobs plan that's demonstrable. and if i say we worked with president clintonnd we had unemployment come down to 4.2% and balancedthe budget for four straight years, and that's out in the open. governor romney should be held to the same tes