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Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Thursday's query: Name: Merritt Dunn Question: Since the Treasury Department bailed out AIG and…
By Paul Solman
Name: Merritt Dunn Question: Since the Treasury Department bailed out AIG and AIG had underwritten a large number of credit default swaps (that I understand pay up if a certain percentage of mortgages in a portfolio go into foreclosure), then…
By Elizabeth Shell
Syndicated columnist Mark Shields and Washington Post columnist Michael Gerson analyze the week's top news stories, including the change in leadership within the Obama administration and House Minority Leader John Boehner's political future.
In other news Wednesday, the House of Representatives passed a compromise on a federal regulatory reform bill after a $19 billion fee on large banks and hedge funds was dropped from the legislation. Also, a former top executive at AIG…
Judy Woodruff talks with Elizabeth Warren, chair of the Congressional Oversight Panel about the effectiveness of the TARP bank bailout and a program aimed at helping homeowners steer clear of foreclosures.
Treasury Department Secretary Timothy Geithner defended the effectiveness of the $700 billion financial rescue program known as TARP, as it prepares to wind down this fall. Judy Woodruff reports on Tuesday's hearings on the financial rescue package.
The Obama administration's pay czar Kenneth Feinberg has announced more cuts to executive pay for several large companies still receiving government funds. Judy Woodruff spoke with him about those salary decisions.
Embattled insurance giant AIG will sell its Asian life-insurance unit, AIA, to British insurance firm Prudential in a deal estimated at $35.5 billion. The deal will make Prudential the biggest insurance provider in several Asian countries, including Singapore, Malaysia, Indonesia,…
After a liquidity crisis in 2008, insurance giant AIG is preparing for a $35 billion deal to sell its Asia unit to Britain's Prudential. Jeffrey Brown talks to Andrew Ross Sorkin of the New York Times about AIG's attempts to…
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