. >> aig didn't do anything. the government owned the company and 65 billion of the 85 went right out the back door to foreign banks, domestic banks, goldman sachs, other investment banks. had no control over that. the government owned the company. >> where are you willing to take this? think probably after building this firm over four decade you had to document what happened so you write this book, the aig story which is really an incredible read but now you pursue a lawsuit against the government. where are you going with this? ? hold on. all the facts were not own. it took us here's to get all the facts, okay. they were in the book and that's a difference as to that's been publicly acknowledged and what's in the book. second, look. there were thousands of people who lost their net worth at aig, pension funds. i owe it to them and i'll pursue that all the way to get justice, if that takes another five or ten years. >> and employees were cut as a result of what went on in. >> oh, okay. >> other you are a warrior

basically saying, aig, you are the poster company for green and the white house is defending the aig bailout. hank greenberg, you interviewed him on fox business. he is essentially saying, look, this turned into a backdoor bailout for other wall street companies. we have a right to sue based on fifth amendment rights. the government is not allowed to take private property for public interest. here is what he said on fox business. >> as far as i'm concerned that bailout should never have taken place. the way it did take place was wrong. aig was used as a backdoor bailout for many others. >> reporter: and those many others include sachs and others. they are saying they did have a choice and that was bankruptcy. aig is saying it may decide by the end of the month to whether or not to join the lawsuit filed by hank greenberg. it's saying it has to hear out on his lawsuit, that is the if i deesh year duty and it might have other lawsuits. >> neil: what wall street is seeing a trend, you bail and you get better get ready for hell? >> let's take stock where aig is. record amounts plot of bu

i give you aig. the company we bailed out. the shareholders have a message for america and contrary to commercials it's not thank you. >> there are some aig shareholders bring a $25 billion suit against the government because they claim the terms of bailout were too onerous. >> jon: suing the people who gave you $182 billion and saved your company. i can only assume because that act filled your hearts at aig with gratitude and then your immune system then attacked that as a foreign sub stance because like native americans with small pox you had no previous exposure. [ laughter ] who is the greedy mother (bleep) behind this lawsuit please don't be a jew. please don't be a jew. >> the man who filed the lawsuit is former aig c.e.o. hank greenberg. >> jon: noo! hank greenberg! all right not necessarily jewish. he could have changed his name from stuart. [ laughter ] by the way, i've never seen a man closer to saying the words release the hounds. [ laughter ] interesting side note, maurice hank greenberg is not only suing the u.s.

he is still a major shareholder in aig. he started the lawsuit with his own group of investors and is now pursuing aig to join in. aig is meeting with greenberg tomorrow to decide if they will join in on the suit. it would be ridiculous for them to join in considering that they are doing just fine. because since 2008, the government loan, aig has posted a profit of over $26 billion. and on top of the money, aig has been touting its great relationship with the government. with this advertising blitz, they're actually thanking the american people for saving them. >> aig, we said we were going to turn it around, and we did. >> leading insurance company based right here in america. >> we have repaid every dollar america lent to us. >> everything, plus a profit of more than 22 billion. >> for the mesh people. >> thank you, america. >> aig played a major role in taking our country into the great recession. the taxpayers saved aig. the ripple effect would have been unbelievable. and now for aig to think about suing the federal gov

if aig didn't take the lifeline, aig would have gone under. and the consequence of aig going under is that aig insures every airplane you ever fly on, every business that takes place in the entire world. this would have really brought the planet to a stop. so everybody who agreed say, let's hold our noses and give aig this bailout. >> so they were forced into an onerous loan? >> they would have been bankrupt and there would have been a different kind of lawsuit. it's such a ludicrous, objection able argument that if they didn't take the money, they would have been out of business, so we the taxpayer should have given them a better terms on a deal for basically coming close to ruining the world's economy. >> and there's a public relations aspect to this. if they're spending all this money putting out commercials, painting this rosy picture of aig, it's not going to look too good if they turn around and sue the u.s. government. >> and ed liddy came in to help, the ceo now, these are not guys who are part of the problem. so they really are thankf

if aig didn't take the lifeline, aig would have gone under. and the consequence of aig going under is that aig insures every airplane you ever fly on. they insure every business that takes place in the world. this would have really brought the planet to a stop. so everybody who agreed said let's hold our noses and give aig this bailout. there was no choice in the matter. >> so they were forced into an onerous loan? >> they would have been bankrupt otherwise and then there would have been a different kind of lawsuit. so hank greenberg, it's such a ludicrous, objectionable argument that if they didn't take the money they would have been out of business, so we the taxpayers should have given them better terms on a deal for basically coming close to ruining the world's economy. >> the other aspect of this is there's a public relations aspect to this that this company has to consider. if they're spending all this money putting out commercials, painting this rosy picture of aig, it's not going to look too great if they turn around and sue the united

he is still a major shareholder in aig. he started the lawsuit with his own group of investors and is now pursuing aig to join in. aig is meeting with greenberg tomorrow to decide if they will join in on the suit. it would be ridiculous for them to join in considering that they are doing just fine. because since 2008, the government loan, aig has posted a profit of over $26 billion. and on top of the money, aig has been touting its great relationship with the government. with this advertising blitz, they're actually thanking the american people for saving them. >> aig, we said we were going to turn it around, and we did. >> leading insurance company based right here in america. >> we have repaid every dollar america lent to us. >> everything, plus a profit of more than 22 billion. >> for the american people. >> thank you, america. >> aig played a major role in taking our country into the great recession. the taxpayers saved aig. the ripple effect would have been unbelievable. and now for aig to think about suing the federal

if aig didn't take the lifeline, aig would have gone under. and the consequence of aig going under is that aig insures every airplane you ever fly on, every business that takes place in the entire world. this would have really brought the planet to a stop. so everybody who agreed say, let's hold our noses and give aig this bailout. >> so they were forced into an onerous loan? >> they would have been bankrupt and there would have been a different kind of lawsuit. it's such a ludicrous, objection able argument that if they didn't take the money, they would have been out of business, so we the taxpayer should have given them a better terms on a deal for basically coming close to ruining the world's economy. >> and there's a public relations aspect to this. if they're spending all this money putting out commercials, painting this rosy picture of aig, it's not going to look too good if they turn around and sue the u.s. government. >> and ed liddy came in to help, the ceo now, these are not guys who are part of the probl. so they really are thankful

remember aig? in the process of just about sinking the american economy with its exponentially risky behavior, aig also just about sunk itself. and as part of trying to save the economy, aig got a mammoth bailout from u.s. taxpayers. $85 billion into that bailout, it was revealed that aig spent more than $440,000 on this retreat at the golf place. its reward for executives who had sunk the largest economy on earth. 23 large on spa treatments alone. cue the justifiable national outrage. well, today there were headlines about aig that brought all that old outrage right back to the surface. today aig got back into the headlines for something that had people rummaging around in the attic, looking for the old torches and pitchforks that they hadn't used in the streets since the last time a story like this broke about aig back in 2008. the difference today is that today there was a brand-newly minted united states senator on capitol hill enunciating our national disgust for that company in a way that was

aig. i mean it's actually an alice in wonderland world to even come up with that thought. but this former ceo who was actually you know, resigned under distress by the board which then had to pay in 2005 $1.6 billion and restate their financial statements for many years when he was the ceo is nonetheless both wealthy and litigious and has engaged in quite a bit of lawsuits. he's claiming that -- he's suing the federal government, the federal reserve bank and the federal reserve bank of new york saying what they really should have done is given aig much more generous terms rather than just the $182 billion. remember if, after they got the $182 billion they paid themselves hundreds of millions of dollars in bonuses. so if there's anybody who should say thank you shut up and crawl back into the hole they belong in, it's that crowd. >> john: to my, it seems like a 7-year-old paris hilton screaming on christmas morning how she asked for two pone -- ponies, not one. aig knew the conditions. they

it wasn't in aig's interest to proceed or have greenberg proceed on aig's behalf so that's what happened. he will continue this lawsuit on behalf which is a direct lawsuit, on behalf of the shareholders at the time of the crisis. >> and of which he is a large one. >> right. >> and his wealth was tied up in this. >> absolutely. >> so the bottom line is the courts asked to you look at this. you've been looking at this. came to a decision and here you are today. you've been in meetings with the board discussing this. i know hank greenberg was at some of those meetings, correct? >> so give me the reason for the lawsuit. what went on in these meetings. what can you tell us in terms of the public and people out there understanding why this lawsuit is out there? >> this is about a question of fairness versus what you're required to do to be fair, and that's the lawsuit, and so, for example, one would ask if -- if bear stearns got some support lehman was allowed to go bankrupt, aig was asked to provide all of this value to the federal reserve for its loan, but then soon therefore others were giv

aig's reckless bets nearly crashed our economy. they should thank american taxpayers for their help, not bite the hand that fed them. it is worth noting they paid off their loans which resulted in a $220 million profit for the u.s. government and must protect the interest of their shareholders and held a meeting this morning to discuss the lawsuit. it is expected to reach a decision by the end of the month. joining us now from washington, msnbc policy analyst, ezra klein of "the washington post." always great to see you, my friend, especially on days like this where i am so confused as to how this could be happening. i ask you, my friend, is hank greenburg getting high on his own supply? >> it's honestly hard to talk about this issue on television, because you can't curse, and it's hard to talk about this issue without using all seven of the words you can't say. it's very important to know the loan rate that aig could have got if they had gone to the market, to the private market, that rate is nothing. it could have got no loan. it

the aig inter connectivity. to boeing, to air bus. there is a whole bunch of inter connectivity. >> aig fell basically, if wall street fell, we would lose jobs o and on and on and and on. it happened. because of that we were at 8% unemployment, you know. so the fact that after all of that, these folks, after being -- after being saved, especially the board of directors, they received profits. their stocks went up pennies. it didn't because of the federal government: the fact that they want to sue the federal government, it's just, you know, there really is no silver lining in these clouds. >> also it address did some of the disfunction of how corporate law and corporate principles clash with basically civic understanding. >> responsibility. >> responsibility. so in other words, it is true that there is legitimacy to this lawsuit in the courts. a sober judge has let this suit proceed as far as it does. the board of directors have two obligations, the duty of loyalty and the duty of care. they have to put the comp

is it really possible that the insurance goliath aig may sue the u.s. government, less than five years after taxpayers saved the insurance company from bankruptcy? abc's david muir is here with the story. >> reporter: this is really something, diane. in fact, as one economist put it today, if aig sues the government now after that giant taxpayer bailout, it would be the equivalent of a patient suing their doctor for saving their life. insurance giant aig, bailed out by the american taxpayer, just days ago launching this brand new marketing campaign, with three simple words. >> thank you america. >> thank you america. >> thank you america. >> reporter: but now, after thanking america, it turns out aig might sue it. how do you say thank you america and then turn around and consider suing america? >> that's the fascinating thing. they just launched this ad campaign, all about thanking americans for their help, for the bailout and now they are considering suing. >> reporter: it was a little more than four years ago, the worst economic crash since the depres

congress is pressuring the aig. we've got essentially a representative, peter welch sending a letter to aig saying listen, your company was supposed to, company for wall street greed. now you're poster company for chutzpah. we have elijah cummings a democrat in congress saying this is look suing the paramedic who gave you cpr for not providing awe pill loy. what is interesting, the former aig chief hank greenberg said, wait a second. we have fifth amendment rights. starr international is a investor in aig. he says they took private property for public use. this became a back door bailout for goldman sachs. ashley: that's right. >> and for deutsche bank and societe generale. ashley: the interest rate for aig a lot higher than -- >> new york fed by the way saying there is no merit to the allegations. aig had alternative choice, bankruptcy. big fight going on. sandra: it continues. liz macdonald we'll continue to follow that story. ashley: thank you, emac. mcdonald's getting a name change. sandra: huh? ashley: we'll te

does aig have a case? >> i'm a lawyer and a taxpayer and this is the legal technical latin term for this would be chutzpa if they did bring this suit. bottom line is the board of aig in the middle of this financial calamity had a choice. they could take the bailout or the value of their shares as you said would vanish and shareholders would be left with nothing. so they chose the bailout. they don't actually have to bring the suit. i would be frankly quite surprised if they did. hank greenberg was the former ceo, he was forced out, he's sort of disgruntled -- >> he has a personal connection to this. >> he's making a presentation to their board saying you need to join this suit. they may feel they have a legal obligation to hear him out but they don't have a legal obligation to do it and they are even allowed to kind of snicker behind their hands at the time. >> unfortunate timing of the ad. steven, the lawsuit contends the government's a loan shark. the lawsuit hank greenberg -- >> they said that many time

we were not bailed out by aig. we may be would of had a direct loss of $1 billion or $2 billion if aig went down. >> you have a difference of opinion of many analyy s who felt the aig bailout did benefit you enormously. i'm not going into this. this is not your hearing. i'm asking you to respond to questions. i only have five minutes. >> that was oregon democratic senator questioning jamie dimon from jpmorgan. the significance? >> one thing that is interesting is this is what the about inspector calls -- calls for original sin. the moment in time went right after tarp was passed and the government elected to call companies that were unhealthy and insolvent, healthy and solvent. when they scrapped the plan to buy out troubled assets, tarp is the troubled asset relief program, they scrapped the idea of the days after the bill was passed and decided to dump a whole bunch of money on to the balance sheets of these banks. this was called the capital purchase program. they spent $125 billion off the bat on nine companies

we were not bailed out by aig. we may be would of had a direct loss of $1 billion or $2 billion if aig went down. >> you have a difference of opinion of many analysts who felt the aig bailout did benefit you enormously. i'm not going into this. this is not your hearing. i'm asking you to respond to questions. i only have five minutes. >> that was oregon democratic senator questioning jamie dimon from jpmorgan. the significance? >> one thing that is interesting is this is what the about inspector calls -- calls for original sin. the moment in time went right after tarp was passed and the government elected to call companies that were unhealthy and insolvent, healthy and solvent. when they scrapped the plan to buy out troubled assets, tarp is the troubled asset relief program, they scrapped the idea of the days after the bill was passed and decided to dump a whole bunch of money on to the balance sheets of these banks. this was called the capital purchase program. they spent $125 billion off the bat on nine companies

remember that the government bailed out aig, aig has now paid that loan back as of last month and even putting up ads how great this is. the aig board, he has prevailed there, they refused his demand in its entirety. they will not be a part of the lawsuit. if greenberg goes ahead, he will have to do it on his own. he a major shareholder. remember that greenberg i believe is 85 years old. he used to run the company. he believes that the government rescued the entire financial system by bailing out aig. because of that the company was abused and misused for government purposes and that is illegal under the constitution. you are forecast at me but this is their point. >> shep: had the government not bailed the company out the company would have collapsed and financial system might have, as well. >> that is what the federal reserve said yesterday. the other option was bankruptcy. >> shep: he is also 85. >> i'm sure he is coherent. >> he hasn't sued anyone lately, i think he should. pick a target. [ laughter ] >> shep: i'll meet you on the island. >> this is going nowhere. people are so ang

government which says aig's controversial $182 billion bailout cheated aig investors. of course there is a lot more to this story. here's liz macdonald with emac's bottom line. >> there is news on this right now at this very hour. reuters is reporting that now the white house is out defending the bailout of aig. what is happening aig is confirming to fox business the board will meet tomorrow to decide whether or not to join hank greenberg. he is former chief of aig, whether whether to join hank greenberg's $25 billion lawsuit against the new york federal reserve which basically says that aig is a victim of the government bailout. the lawsuit is contending that in the process aig sold off $66 billion in assets. that basically aig was ruined and destroyed by government oversears run amok. that aig was overcharged punitive interest rates on $85 billion line of credit. we have representative elijah cummings, more breaking news, democrat, ranking member. house government oversight and reform committee. for aig to be considering this and hank greenberg to be doing is like su

to join former aig chief lawsuit against the government. a $25 billion lawsuit. he has hired at really high-powered attorney, david boyce, defend, bascally file lawsuits. it's against the new york federal reserve. he is contending the government took a ig assets and basically use private proper for public use. what he is saying is that aig was actually destroying the government overseers run amok. the afg sold of 66 billion in assets, but what he is saying is that afg was overcharged punitive interest rates by the new york fed. gerri: they have a lot of complaints. no surprise. hank greenberg knows how to complain, and vociferously. the new york fed itself said that, you know what the option to this was? you go bankrupt. >> that is exactly what the new york fed said. there is no merit to the allegations. but, you know what, the interesting sidebar to this was what hank has been saying since 2011 when he filed these lawsuits. his investment vehicle, look, the problem is that aig was used as up -- there is a response. he is saying, wait a sec

did anyone force aig to take the bailout? >> no, that's one of the main arguments that the government made. no one forced aig's board back during the the financial crisis to take this bailout. they chose to take it, they chose to give the government an 80% stake. they chose to pay this loan with a high interest rate. no one really forced them to take it and that's sort of what the government says, it was entirely their choice. >> now, the government's out of their 80% stake, is that right? and what was the interest rate? >> the interest rate was pretty high. i don't feel the exact percentage, but the government itself has said that it was punitive and it was meant to be a punishment, it was meant to punish aig for getting in that situation where it had to be bailed out by taxpayers in the first place. >> did anyone feel like after all the american taxpayers, thank you, pr campaign and now we're sort of kicked in the teeth after we rescued them and saved their hide, trying to sue us because they didn't like the life lenawee th

would bring aig." that was hugh totten, an attorney with valorem group. aig's bailout ended with taxpayers earning $22 billion in profits. there is no comment from the white house. the future of sears rests in the hands of brazen billionaire eddie lampert. lampert runs a hedge fund, is the chairman of sears, and will now become the 5th ceo of sears in the past 7 years. analysts are wondering if lampert can provide the fix needed to put the retailer back on track. "i think the important next step is that the economy has got to improve and the merchandise has to get that much better. if that happens, then the digital stuff is great, but it needs a lot more time before it moves the needle along in terms of cash flow for the company." that was paul swinand of morningstar. lampert was the man behind the 2005 merger of sears and kmart. sears stock has fallen dramaticaly in the past 3 months from $70 to $40. morningstar considers shares fairly valued at current levels. there's more to the consumer electronics

aig did not have to take the bailout that was offered to them by the federal government. they could have refused it. it would have meant certain bankruptcy. so let's not forget this was a volunta voluntary agreement. nobody forced them to take the bailout. look, the only reason for the aig board to consider joining thus lawsuit is because they actually might be liable if the shareholders proceed with the suit, win the suit, they could again accuse the board of not seriously considering the suit. and so they're are corporate government issues there. my belief is that the board feels it has to do this and that they'll quickly say, no, we're not going to join this suit. but that said, if that's the case, they should have been saying from the very minute it opened, you know, of course, ultimately, we don't think we'll join the suit but we have to look at it. >> let's talk about that aig's board of directors is supposed to be meeting today to decide whether they should do that. how much is public perception going to weigh in on how the board wants to rule on the likelihood the

taxpayers to bail out in whole all the critters of aig? some of the big investment banks who had counter party relationships with aig. or the issue of whether aig shareholders, the past ones, not the same ones now, should be compensated for what happened? i suppose the court can decide. >> it's a bit strange thing. aig said thank you so the american taxpayer. >> i was mentioning that i've been in the u.s. they're running these ad campaigns which say they've used a series of aig workers and say thank you so much, america, for helping us get back to this position. we couldn't have done it without you. now they turn around. it's the former ceo hank greenberg. but it turns around and just from a pr point of view, the different signals, the dissonance is extraordinary. >> it is separate from the company so far. if there's going to be an alliance between the two, now it's into the existeding board accepts the view that greenberg, that aig was basically screwed by what happened with the taxpayer. but this will be a long one. we won't see any resu

taxpayers, they bail out aig, now aig may be suing the taxpayers, ie you and me. what is the deal? >> sounds like one of those no good deal goes unpunished. the federal government stepped in with $180 billion bailout that was in late 2008 during the height of the financial crisis. and now it is actually a healthy company again. it has been nursed back to profitability. and, you know, look, the alternative to this bailout would have been almost certainly federal bankruptcy court. and the issue here, just to give both sides of the story, is that the directors and some of the shareholders are saying we might have come out better if we had gone in the federal bankruptcy court than the deal we got in terms of the return on the stock that we got with this bail. because what happened is the federal government became a 70% shareholder -- majority share holder in the company. hank greenberg, the former chairman of the company is one of the people leading this lawsuit. >> right. wouldn't this lawsuit then, and i read the criticism, this could potentially highlight the unintended consequences

warren said aig should not bite the hand that fed them. the big meeting that is happening right now. you can join our conversation on twitter. you can find out at tamron hall and "news nation." we'll be right back. i've always had to keep my eye on her... but, i didn't always watch out for myself. with so much noise about health care... i tuned it all out. with unitedhealthcare, i get information that matters... my individual health profile. not random statistics. they even reward me for addressing my health risks. so i'm doing fine... but she's still going to give me a heart attack. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. p>>> president obama will nominate chief of staff jack loo for secretary as soon as tomorrow. he would replace timothy geitner and he is the former dir

to join former aig chief lawsuit against the government. a $25 billion lawsuit. he has hired at really high-powered attorney, david boyce, defend, basically file lawsuits. it's against the new york federal reserve. he is contending the government took a ig assets and basically use private property for public use. what he is saying is that aig was actually destroying the government overseers run amok. the afg sold of 66 billion in assets, but what he is saying is that afg was overcharged punitive interest rates by the new york fed. gerri: they have a lot of complaints. no surprise. hank greenberg knows how to complain, and vociferously. the new york fed itself said that, you know what the option to this was? you go bankrupt. >> that is exactly what the new york fed said. there is no merit to the allegations. but, you know what, the interesting sidebar to this was what hank has been saying since 2011 when he filed these lawsuits. his investment vehicle, look, the problem is that aig was used as up -- there is a response. he is saying, wait a

warren said aig should not bite the hand that fed them. the big meeting that is happening right now. you can join our conversation on twitter. you can find out at tamron hall and "news nation." we'll be right back. i've always had to keep my eye on her... but, i didn't always watch out for myself. with so much noise about health care... i tuned it all out. with unitedhealthcare, i get information that matters... my individual health profile. not random statistics. they even reward me for addressing my health risks. so i'm doing fine... but she's still going to give me a heart attack. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. ''. p>>> president obama will nominate chief of staff jack loo for secretary as soon as tomorrow. he would replace timothy geitner and he is the former

now aig at the government's request, the government was there yesterday, too, really demanding that aig not support this lawsuit. and so the question is going to be what happens next. >> david, you mention that the litigation is -- you said it was an easy case. well that was the suggestion. the case was thrown out from what i understand in new york. it's only going forward because the court in d.c. has allowed it, correct? >> it's a little bit different than that. the case in new york, was just a case against the federal reserve bank, put breach of fiduciary duty when it ran aig, and what the court in new york held, was that you can't sue a government agency for breach of fiduciary duty. we think that's wrong. but that has nothing to do with the constitutional question that is posed in washington. indeed the court of new york expressly said that. the court in new york expressly said, the case on the constitutional claim is going forward in washington, d.c. >> david, let's just take one sort of big step back from a philosophical perspective. let's forget about the technicalities. when yo

celebrating good times at aig. the insurance giant thanks america for its huge bailout in a new ad campaign. have you seen these ads? how could this possibly be a good move for their business? i'm not sure about this. at the end of the day it is all about money. ♪ . [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized document to answer any questions. get started at legalzoom.com today. and now you're protected. get started at legalzoom.com today. it's part of what you slove about her.essing. but yo

celebrating good times at aig. th insurance giant thanks america for its huge bailout in a new ad campaign. have you seen these ads? how could this possibly be a good move for their business? i'm not sure about this. at the end of the day it is all about money. ♪ . ♪ . melissa: so it was the mother of all bailouts when insurance giant aig needed that $182 billion to keep them from collapsing. we taxpayers unwittingly stepped in. now more than four years later they have paid us back and then some, fine. that's great. let's move on. wait, have you seen this ad? aig's odd new advertising blitz. ace check it out. >> aig, we said we would turn it around. >> we're helping missouri come back from a devastating tornado. >> we're helping east coast recover from hurricane sandy. >> we' a leading global insurance company based here in america. >> we paid back everything that american lent us. >> everything. >> profit of $22 billion for america. >> thank you, america. >>elping peoplerecover d rebuild. that's what we do. me

one congressman issued a statement to aig: "don't even think about it." as herbalife preps to hold its investor meeting this morning, the sec is preparing an investigation into the company. marketwatch.com reports the sec is opening a probe into herbalife. it follows recent accusations from hedge fund manager bill ackman that the business is a pyramid scheme. however, those comments aren't curbing the appetite of all investors. rival hedge fund third point yesterday reported an 8.2% stake in the nutritional supplement company. shares jumped 4% on the news, trading up to $41, as traders who were short the stock were forced to buy herbalife. drought is causing a crisis in winter wheat crops across the nation. according to the usda, much of the central and southern wheat belt is suffering from a severe lack of moisture. farmers in texas, oklahoma, kansas and sections of coloardo are eligible for low-interest emergency loans. president obama is expected to soon name jack lew the new head of the treasury department. lew currently serves as white house chief of

this aig story will get a lot more attention. we'll get into high-speed rail and we will with andy, the u.s. -- the president of the u.s. high-speed rail association. coming up next here on the "full court press." >> announcer: heard around the country and seen on current tv, this is the "bill press show." hand of government" ... i want to have that conversation. let's talk about it. really? you're going to lay people off because now the government is going to help you fund your healthcare. really? i want to have those conversations, not to be confrontational, but to understand what the other side is saying, and i'd like to arm our viewers with the ability to argue with their conservative uncle joe over the dinner table. [ voice of dennis ] allstate. with accident forgiveness, they guarantee your rates won't go up just because of an accident. smart kid. [ voice of dennis ] indeed. are you in good hands? rogaine? well, i'll admit it. i was skeptical at first. but after awhile even my girlfriend noticed a difference. [ male announc

he rescued the giant aig was is appreciate fwhad company that aig is airing commercials thanking american people for their generous assistance. >> we're a leading global company in america. >> we paid every dollar america lent to us. >> everything plus a profit of more than $22 billion. >> for the american people. >> thank you, america. >> not everyone at aig, however, is to grateful. the company's former chairman hank greenberg is suing the federal government for making the terms of the bailout too restrictive. aig considered joining a lawsuit this week before declining. the suit and aig's resurgence after the rescue engineered by geithner are a reminder that we're all living in tim geithner's america. as he prepares to exit the big question that hangs over the entire legacy of the obama r. oeg administration, is that a good thing? joining me is vice president at merryll lynch and deutsche bank and now a wall street activist. and a former special inspector general in charge of overseeing the troubled asset relief program. great to you have here. >> thank you. >> geithner, one of the thin

that's what aig is saying publicly after being rescued by the bailout. so why is the insurer now considering suing the u.s. government? you can join our conversation on twitter. what can we do with a brand new year, and a room that needs refreshing? we can work with a new collection of carpet that proves durable can be softer than ever. we can get for less and spread that softness even further. turns out, we can do even more than we thought we could. because this is the year of doing. more saving. more doing. that's the power of the home depot. roll out the new year with free whole home basic carpet installation on three rooms or more. humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. at liberty mutual insurance, we understand. that's why our auto policies come with accident forgiveness if you qualify, where your rates won't go up due to your first accident, and new car replacement, where, if you total your new car, we give you the money for a new one. call... to talk to an insurance expert about everyt

if we turn that around thank you america thank you america the insurance giant aig i-g. thanks the us for bailing it out while they secretly consider so we the government over the terms of the agreement but after a major public backlash the bank now says it won't do what this case means for the finance community head. and most students turn to a guidance counselor if they feel that they're being treated unfairly in school but it takes a student went further than that actually suing the school for making her wear a badge with a tracker inside the outcome of the case head. it's wednesday january ninth four pm in washington d.c. i'm christine for you're watching our team. let's begin this hour with a closer look at the way the government spends your money a new report out this week found that just last year nearly eighteen billion dollars was spent on enforcing immigration laws the report is called the immigration enforcement in the united states the rise of a formidable machinery now to put this into a little perspective that's more than the government spends on the f.b.i.

. >> most of the shares of aig. neil: they might not have been a company to do that. >> he is an activist who is suing. he is going for the company and saying if you don't at least show us, they might get the money and the fiduciary can help the shareholders gets more money out of the federal government. neil: what about the other part of this? are you having trouble understanding it. >> no, i'm not. [talking over each other] neil: the company benefited from a huge bailout. many argue the way it was handled. but the company wouldn't be around otherwise the. neil: i disagree. >> but that is why -- i mean, i agree with that -- but i mean -- [talking over each other] [talking over each other] >> i'm just giving you an example b-1 where he think this is going? >> i think they have to consider it. i think they have to consider everything. they don't want to incur the wrath, not just of neil cavuto. [laughter] neil: can they separately do a deal to get him off his back? >> the whole thing is crazy. back up to 2008. it was