Roland Martin talked with Dick Parsons former chairman of Citigroup and the former Chairman and CEO of Time Warner about the state of the economy, are things getting better and the rate of economic growth. Parsons also discusses the notion of banks being too big to fail. MR. MARTIN: Welcome to “Washington Watch.” We’re coming [...]
Source: Chris Isidore / CNN Money The board of AIG decided Wednesday not to join a shareholder lawsuit against taxpayers which challenges the terms of the bailout that saved the insurer from bankruptcy in 2008. The board did not detail the reasons for the decision, saying it will make that clear in court filings in the [...]
Source: USA Today American International Group, the insurer rescued by the U.S. government in 2008 with a bailout that ultimately totaled $182 billion, may now join a lawsuit against the government alleging the terms of the deal were unfair, the company told Reuters news service Tuesday. Reuters reported that the Federal Reserve Bank of New York, [...]
Roland Martin talks with Neil Barofsky former inspector general of TARP about how Treasury officials were primarily concerned about the interest of the banks that helped cause the financial crisis and his new book, Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street. Subscribe to the Roland S. Martin [...]
Roland Martin, Margaret Hoover, Will Cain, Soledad O’Brien talks with Neil Barofsky discuss the problems and failures with TARP.