Could AIG Wreck the Global Economy?
from To the Point
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.
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This episode is 51 minutes long.
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This episode was published on March 5, 2009.
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