benmosche took over aig in 2009 from hank greenburg.street companies the government swooped in to rescue during the height of the article. benmosche says of his company, we have done all the right things. somebody should say, by golly, those aig people made a promise and they are living up to a promise. we're left with a major part of the economy in america. they're going to make a profit on top of everything else they've got. god bless america, god bless aig, and god bless tiny tim. there it looks like he's referring to tim geithner, treasury secretary. but about the profit, what he's referring to, carol, is the fact that the new york fed made an $18 billion profit in its stake. the other part of the bailout, that came from the treasury, and it still owns some aig shares and the treasury department is losing less than expected as it sells that stock. and you look at aig shares, they've gained more than 50% this year. carol? >> well, yippy. isn't this the same guy who took off for croatia just after taking over a sinking aig because it

aig's chief wants a pat on the back.ert benmoshe says the government deserves a thank-you from the federal government as his company has repaid what amounts to the largest government bailout in history. is this cheeky or deserved? >> i'm not a clinical psychologist, but this guy's arrogance borders on insanity in my view. he's been this arrogant from day one when he took a vacation right away when he first started working at aig. the whole point of aig bailout was to allow the company to have an orderly dissolution. he managed to twist that into becoming a successful company again. he owes us an apology and we don't owe him a thank you. >> i think this is taken a little bit out of context, though i agree it is juicy. here's a guy that took a job that was sort of unfillable. edward liddy left because he couldn't stand the frustration. hank greenberg was run out on a rail. benmosche came out of retirement for this. i think he wants a thank you for the turnaround and stability he's brought back to the company rather than th

aig is my favorite financial.he terrific apparel company where they still charge $200 even at the outlets. dynavax. we're going with that one. and facebook is not doing as badly as everybody else thinks. internet company, financial, apparel company, biotech and we've got a restaurant, i say, bingo! delores in new york. delores? >> caller: hi, jim. this is a brooklyn boo-yah to you. >> i'll be there this weekend. i love clinton hill. it's really coming back. they're snapping up the places there. you can't find anything. >> caller: we love you, jim. you do so much for us. >> thank you. >> caller: i want to know if i'm diversified. my first stock is target, second is sirius xm, third is clorox, clx. fourth is disney, dis, and last is johnson & johnson, jnj. >> all right. let me go to work. sirius, the classic final station. 26, it can't be beaten. sirius is entertainment. disney -- let's call it radio. that would conflict with disney. that's true entertainment. johnson & johnson, pharma. target one of the best retail

he said, did you read about the aig bonuses? it was amazing, they had pd all of theseons in bonuses to these idiots, fnk, who had done all the trading. i knew what i had read in the paper. deborah sitting there looking uncomfortable. he wanted to know if i had any thoughts about what he could do about it. i did not have the facts. favor legally obliged to pay these bonuses. i took that at face value, but i thought it was outrageous. i told him about being fdic's process. we can take control of an institution but sometimes you do need to pay people, but you can control that. i basically -- i tried to be constructive. i did notant to express t outrage -- that was when i first pitch to him the idea of having reform that would ve the fdic the power to put these very large institutions into a bankruptcy-like process where they would be punished. he was later very supportive of this piece of the dodd-frank bill. it was clear to me that he was quite upset and all my interactions with him, i think he gets it. he has a main street guy. i

god bless america and god bless aig. >> the epa is putting off a dozen job killing regulations until after the election. james imhoff releasing a report that says when they loeave next year it will spell doom. greenhouse gas if enacted would cost 300 to $400 billion as year and significantly increase the price of gas and home heating. >>> president obama set to sit down with jay leno less than two weeks before the election. his appearance wednesday night will mark the 5th on the tonight show and third since he became president. he was last on the program nearly a year ago on october 25th. >>> take a look at this video. a giant fish puts up a huge fight when a group of fisherman try to real him in. it was a 600 pound marlin nearly sinking this charter boat in australia by jumping right on to it. luckily no one was seriously hurt. it didn't stick around for long. it jumped right back into the water again. that is your 5@5:30. >>> before you leave the house this morning let's get your first degree weather update by pa maria

he sits on the board of that aig. we have so much to talk about this legend in the industry. he has only here on fox business. we have read on the screen. gold not as shiny as usual. let's get right to the floor show. teddy weisberg, the markets are down. i have to ask you about sears. such a sad thing it was booted off the s&p 500. i am so excited to have arthur martinez on the show. >> well, you know, actually the stock has done quite well this year. essentially compared to jcpenney. i have no idea why some stuff get back out and some stocks get added. there are a couple people sitting in that room in a tower someplace that make these decisions that probably think a lot of sense to them, but sometimes make us scratch our heads. eleven sears was one of the original person be 500 companies. >> perhaps there is a reason for this. i guess those folks trying to get that average is up to up to date. at the end of the day, it does not seem to have a big impact on the averages. it is just a are supplied group of companies. they replace one with another. liz: we have the s&p 500 dow

insurance company aig celebrating its new logo. they got rid of the red, going with this tiffany blue. you can see the logos all over the floor. we got some hats here at the desk. nasdaq, maxwell technology, manufacturer of energy storage products. we're going start this day obviously by zeroing in on the letter c, jim, which you think will hold up given the magnitude of the surprise. >> remarkable turn in the stock. pre-market session on news of the resignation was down by as much as 2.5%. as volume picked up as the story got digested it's down just by a quarter of a percent. >> this is why we're all so shocked. i've been following bank stocks for a year. you get a quarter that's so break out. so clear that the company is going to be the emerging market bank. finally got it right, pandit and he's out. and i have yet to find anyone, anyone who expected this. anyone. not a single person. >> i haven't either. i have yet to find anybody. i've been trying. making calls at this point. the best we can do is come down to what may have bee

no reason to believe that aig can't push towards 40 bucks.ver since that offering a that was completely oversubscribed, aig has been fine. mike rowe here at a ford tell me fiona, who's having a big tire event? your ford dealer. who has 11 major brands to choose from? your ford dealer. who's offering a rebate? your ford dealer. who has the low price tire guarantee... affording peace of mind to anyone who might be in the market for a new set of tires? your ford dealer. i'm beginning to sense a pattern. buy four select tires, get a $60 rebate. use the ford service credit credit card, get $60 more. that's up to $120. where did you get that sweater vest? your ford dealer. >>> final trade? scott nation? >> let the earnings carnage begin. buy protection. >> tim? >> health care today paid $5 billion to the largest health care provider in brazil. check out the web extra. tell you more about it. >> tease. guy? >> best in class -- nice, best in class, sell gene. >> you loft teechltz. >> lucky enough to hold netflix on this bounce, i d

this is not a surprise, aig is often mentioned as one of the firms and aig said it expects to be eventually regulated by the federal reserve as a non-bank systemically important financial institution. it has not been deemed that but it says the fed is considering aig to become one. we'll wait and see on that. melissa, back to you. >>> thank you very much, mary thompson. jim, i'm curious to follow aig, does this make a difference from an investors standpoint? >> no. what happens with aig is it discounted from the tangible book value and he's trying to monotize that. i think anyone who sells aig off this has clearly been on alpha santori on this bit. just like when apple maps sends you here when seeking alpha. >>> last night on "mad money" jim did the fourth quarter checkdown of stocks to pass if the price is right. which stocks are open to him? his mad dash is next. >>> plus, creating technology products near the united states means an executive is making such a move. we'll take a look once more at u.s. futures as we head to tuesday on wall street. the higher open across the board looks like

so therefore we could have put aig to bankruptcy, only loss would have been london rogue operation. >> we would have survived, and we'll never know, now we have an environment where it is routinely done, wall street does not pop unless they get a signal from the fed it will rescue them or the european central bank will do the same over there. what has become of capitalism. >> we don't have capitalism left, capital markets have been destroyed by the central banks, up interest rates are the price of money, the price of debt, when the entire financial system trades off the last move the last statement, the last whispered word of the central banks, it is no longer doing its job of allocating capital, discounting the future, making choices within the financial them, if you don't have that capital markets that are robust and working, you don't have capitalism, this is the fall of this money printing binge we're on today. neil: that is the chicken that is coming home to roost. >> everyone is making the wrong choice, we have massive speculation because fed says you can borrow overnight money.

when aig is the parents, then how do you impose appropriate oversight on all of the little bits of aig all over the world? every country has contracts that involves foreign regulators and there's definitely a degree of difficulty. i still believe it can be worked out, but it's a challenge. >> there is a run by the regulators in every jurisdiction to grab assets. there is a final dispute on the collapse of lehman on the british side in the american side four years after. that remains unless he can get the british, the germans, the french -- >> come on. that's the difference between lehman brothers and aig. the government, for better or worse, put in the resources to stop it. we have the advantage of putting in the resources into aig, but then they impose their hair cut after the fact. >> i know you have to leave, simon. i was going to give everyone time to close. you have the option to use that now if you would like. >> i would like to thank the organizers of this event. and i would like to thank phil, peter, and harvey. we need politicians to engage with us also. it's a very important

that's how much tax pays are she would out to save aig.a pat on the back. he say the feds failed to say thanks after his company repaid the largest government bailout in history. by the way, buddy, you're welcome for the money. >>> and mitt romney and president obama work on ways to make the race in their favor. it happened before, races flipped upside down on the final days because of debates. here's a look at those crucial moment, brett o'donnell. good it see you, brett. >> good to be with you. >> let's look back 1994, reagan versus carter. >> i will not make age an issue of this campaign. i am not going to exploit for political purposes my opponent's youth and inexperience. [laughter] >> still funny all these years later and a game changer, correct? >> absolutely. your own bob beckel would say he few in that one line that the election was over. in the first debate ronald reagan had looked a little old, looked like he had lost a step. and he came back in the second debate and that one line proved that he was on his game and that he was c

morgan and a whole host and what i will point to, aig, trading up.6 times and now that the government over hang is largely removed you still have about 16% exposure but a big bulk gone and i think you can focus on fundamentals and that's what i would point to. >> steve grasso, one of the things that barons mentions, the prospects of improving capital markets, is that something that lifts all financial boats if you will and if that in fact does happen and who else would you look at here? >> j.p. morgan is dead on real early when we thought it was going to crack the $30 level to the downside and with the london wail and at this point i don't know if goldman sachs coming back into being the favorite play. i like the article. i like what it has to say. technically it has had a problem with that 120 area and the 125 area and i would rather see they're looking for this dramatic of a capital appreciation, i would rather let it prove itself in the low 120s before i jump back onto goldman sachs. >> just give me a quick comment on the financials. i know you have been talking more on the regiona

storage offloading units woods says everything because aig. it's a unit that floats and it has capacity for production and storage we also process we don't store but we sit and export gas first ask a tour of the property patrick shows us around his pipe or cathedral so what currently. that is that while the whole deck level so below. us now we have tons so one of the problems that we have vessels of this size. clothes and of the decks and corrosion corrosion at this level. it would be difficult to repay it because just on the needs we have. so it will be possible to couple of plots out so well. because of the risk of exposed that. is another life and then we have. rafts just in case of us so everybody. he said was more than enough means to. just state. for the first time we've been allowed access to this incredibly technological and highly risky structure. on board two hundred forty men. completely lost in intel a thing of pipes that you almost never meet anyone the f.p.s. as a citadel of troops fowles elbows through which floods the precious

bloomberg news reports aig alone could pay upwards of $4 billion. to get fast action from insurance companies, bloomberg suggests: take inventory of what you lost, read terms of your coverage, and check for a hurricane deductible. if you don't have flood insurance, you may be eligible for federal disaster assistance, grants or loans. president obama is already making government assistance available in new york city and parts of new jersey. an executive-level shake-up at apple: two senior vice presidents, one in charge of apple's retail stores and the other tied to the google maps debacle, are leaving the company. john browett's departure is immediate. he cut staffing hours at apple's retail stores, a traditional retail move to improve profits but which, at apple, undercut what some describe as ambassadors of apple's brand who guide customers to in-person technical support. scott forstall's software division replaced google maps with apple's own maping application that suffered heavy criticism from iphone five customers. apple admits the retail cutba

it says aig ceo, you're welcome, america. it's a remarkable piece because it's almost flipping the bird to the whole country and to everybody in the country saying we made the money back, say thank you, please. >> it takes a lot of his language and lays out where he sees the political campaign season kind of coming around. he doesn't mince any words, but you have to wonder if this was edited at all or written at all -- >> in the post it says taxpayers shelled out $82 billion to save his failing company and now he wants -- >> it wasn't his when it was failing. he stepped into turn things around. >> if he does turn it around and pay the fed all the money back, i can see what he's saying. >> he was the guy who turned it around afterwards. >> he says nobody's ever said thank you. we've done all the right things. somebody should say, by goalie, these aig people made a plom and they're living up to their promise. we're left with a major part of the economy in america and we're going to make a profit on top of everything else. he sa

mike later they made lots of mistakes in the start of this crisis they have some responsibility for aig. the fact is that they make so many mistakes that they don't affect that much how the markets react as they used to do but of course in the case of for spain they will have this will have an effect and more so if a standard and poor's has a suspected at least there are rumors about it is going to downgrade also the spanish banks that at least eight of the main spammy spanks the dot happens yes it will put a lot of pressure on the spanish government to ask for the bailout and be the turning point now the situation in spain i think you'll agree it has been worsening for years but it seems that all of the e.u. can offer is aid packages in exchange for painful austerity measures why does it keep using this remedy which really hasn't proved to be lots of active. because really the problem is political is not is not the economy of course the economy doesn't look very good but the problem in europe is the european union doesn't work as an actual political union and the sees the patches the o

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there's aig, still owed more than $2.5 billion from the nearly $69 billion bailout that company got.t moe motors, i mean, general motors, a bailout the president is proud of, but gm owes us half. gmac has barely repaid anything at all. we're owed $1 # 1 billion. sorry about that. chrysler repaid most, but owes us more than a billion bucks. those are just the companies you heard of. there's a slew of companies you're probably not familiar with like cit group, south financial, sterling financial, midwest bank, bank corp.. a lot of smaller banks were caught up in the mess, but here's the bottom line on t.a.r.p. spending. the government dispersed 604 billion dollars to 926 recipients. more than half is paid back, only $343 billion. we're owed $174 billion. that's four years after the crash. now, the government has made money it itself, $7.3 billion, but don't look for the money in the refund check this year because the money or the biggest stakes tend to go to old crowenys, not you and me. case in point today, electric car battery producer filed for bankruptcy today receiving a $249 mill

aig, the insurance giant rescued by a government bailout at the height of the financial crisis couldmed a financial institution by regulators. if it happens, they will be regulated by the federal reserve. back to you. >> thanks for the update. barbara? >>> more and more spas are offering cosmetic procedures done in doctors offices. we have the precautions you should take. good morning. >> tell us about the things the spas are offering now. >> well, first let me define what a spa is. a spa is where you are getting facials and massages and things like that. a medi-spa is when they incorporate medical procedures in a regular spa and you have a physicians office. there are different tier, if you will, for cosmetic procedures but they may not be qualified to do them. >> if we are talking botox and fillers, are those ever done in spas or in medi-spas. >> what we define is what's medical practice. if you are practicing medicine, that has to be by a licensed individual who is approved or licensed to practice. so, some of these procedures, yes, are done in spas, which they may have a medical

this is aig deal. monday night and thereafter. >> geraldo: governor, because of the political nature of this and timing of this with the election two weeks away. you democrats pushing back hard at the republican saying the republicans are politicizing this. this evening you have chairman of the senate foreign relations committee, senator kerry issuing this statement. i'll read it. the release of the state department documents by the house oversight committee exposed the libyan nationals working with the united states to danger. this is irresponsible and inexcusable. it's profoundly against america's interest. have they politicized this as senator kerry and the democrats are charging? >> the nigh nature of the tug of war is politicalization. the real question is there merit to where it's coming from in the viewpoint? if this walks like a duck and swims like a duck, it's a duck. you had the administration come out and go on, their respective go on five sunday shows. saying hey, this is not terrorism. two

h y s t f t rt res lea e the kiveayac aig their inbox.gives you the tools to create custom emails that drive business. it's just one of the ways at constantcontact.com/try. loeaelabir liioiler the presidential election. but it's clear the israelis are not going to allow iran to develop a nuclear weapon and will use military force if necessary. meantime, sanctions against iran are hurting that country dy ts cens fng ar nle ct a fm t a i spoke with him yesterday. so you make a movie about a time in history that a lot of people forget. 1979, iran has american hostages. >> indeed. >> bill: it's lyurting the toalgaeaeos y ouuy who wasn't conscious at that time, why do you want to make a movie like this? >> it was a great story. for one thing, it's a thriller. 's actually comedy with the hollywood satirea complicated c.i.a. movie, a political movie. ds aru >>l:yont m a rtenouou a serious subject, rescuing americans from a dictatorship, iran. >> i did. the serious aspect was this was a tribute the folks in our clan did he say tine services ther

companies like aig tht have to have a government bailout, maybe your best bet moving forward.fer great picks and sector analysis to go with. getting people excited enough about the market is o difficult. people pull the mutual funds, and i was looking this afternoon the dow jones industrial average up 24%. you may be too late now. here we are. with our huge rally in the individual investors, probably the only player in the market that did not have the get, confidence to do the right thing gerri: and this is where i know exactly where you're going with this. the individual investor jumps and at that wrong moment. the important point is, take your time as an individual investor. wait for the pullback. understand, we could see a 4- 4-5 percent black. does not mean the mall and the year, the s&p one still rall to 1500. keep the powder dry. find the stockhat you want to buy when the market pulls back. all these companies have hit 52 week highs. the time is not right now to jump in. gerri: many wait until fter the fiscal cliff. i don't know. thank you for coming out tonight. tonight

all folks aig, writing derivatives and underwriting insurance acted according to their job descriptionnximize their bonus. you can't fault anyone for that. it was the system that controlled behavior that failed. melissa: that begs a very obvious question. has anything changed since the financial collapse? do you think the system has changed? do you think the behavior has changed? >> n, to both. i think they're making some efforts. the main problem with compensation is that there's this lack of alignment or insufficient alignment between the time horizon for how trader as activities are compensated which is annual january bonus versus the time horizon for the effects those activities have on the long are view of a company's health. so, for example, 2006, 2007, were years of record bonuses on wall street. lehman brothers paid out record bonuses. melissa: right. >> and much of those bonuses paid out wre on trading activity that led to the firm blowing up in the following year. melissa: yeah. what made you want to fictionalize what happened in real life? that is what i think is most interes

lehman, bear stearns, aig, and the biggest financial concerns -- fannie mae and freddie mac. it was not a glass-steagall foundation. you should never pay if jpmorgan fails. konk >> it should be called minimally damaging issues for big, dumb and banks. >> i think it should be called bankruptcy. i think they recommended chapter 14. it is like a hospital and it goes bankrupt. in a financial company, you just need the money running through the system. it could be done. there was quite a success for the fdic. the ways you want to structure it legally is to say if jpmorgan starts to fail and they filed chapter 14, here's what happens. yet freeholders and the unsecured holders pay everything. jpmorgan has $400 billion of unsecured debt. there's no way we will lose that. the citizens never pay. when that happens, all directions are fired and the name is buried forever. we remember why it should not happen. it should not hurt the economy and stuff like that. i agree. those, we should be doing. >> the reason these companies get bigger as we forfeit things to clients like better, faster

as a matter of fact, these are $50 billion banks and the banks such as aig and what's so important aboutican public to understand, if these big banks fail and we don't have a way of dissolving them in an orderly fashion, they could bring this economy down. this is why we had to bail out all of these big banks and aig, but now with dodd-frank we have an orderly way of dismantling them, of dissolving them and as it was just described, not only do we have all of the rules in place about how you do this, we have the rules in place about how you pay for it. these big banks must have capital requirements. they cannot operate in a risky way without having capital requirements and this interconnectedness. this puts us all at risk. dodd-frank really does deal with this in a very responsible way. as a matter of fact, what mitt romney was saying was trying to imply that somehow this was going to imperil small banks and regional banks, not true. this is too big to fail institutions. >> congresswoman, let me just express some skepticism. if we have -- there's a thing called a living will in dodd-fran

>> no aig, the insurance company. >> stephanie: you know what i mean. you have studies. stephanie: shut up. jacki i'm only talking to you now. >> your vocabulary is a little off today. >> stephanie: now i'm not talking to you either. but that's my point you have your studies and we have our studies. and their studies are not studies. whether it's kaiser on health or the tax policy center on taxes, right? >> yeah, because nobody is paying at attention. we're geeks and political geeks, and we pay much more attention that most people do and i think that's why mitt romney can get away with this stuff. >> stephanie: absolutely. we will see you later, i'm wishing you back into the corn field and the current news center. >> i want to know how tardy you are getting later? >> stephanie: you are on a need to know basis. i'm not giving you any information about the tart off. >> she is going to come in naked. >> well, she would win. she would definitely win. >> stephanie: see you at the top of the hour. >> bye kids. >> stephanie: 18 minutes -- jim won't be there, so it is hardly wor

i want to stress here, guys we've got aig ol' pile of probms that have come up over deca of sort of blindadly spending money we didt have a nver telling the people the truth. the direction we're in to the senator's point is a diction can not be sustained not with money we sustained not with money we have, andpromisee 4g lte is the fastest. so, which supeast 4g lte service wod yochoose, based onhis cht ? don't rush into , i'not looking for the fastest answer. obviously verizon. okay, i have a fferent chart. going that way, does that ke a difference ? look at verizon. it's so much more than the other one so what if we ju changed the format altogether ? isn't that the exact same thing ? it's pretty clear. still sticking with verizon. verizon. more 4g lte coverage an all other networks combined. neil: in theouh time is the charm. the final debate. the third one between between obama and romney now called the rubber match. this is for all the marbles. whether the meteris moved comi keep in mind that romn forces have told us economic policy, a growing debt and spending problems have a lovely ev

the only part of aig that made a profit and spent i think $700,000 or whatever, and then barack obamat slammed them. they never mentioned corporations toward their workers for being profitable. it is not free. they do pay taxes. i don't understand why they do not mention that. host: this is from february 3, 2010. speaking about the economy at an event in new hampshire, mr. obama told americans when times are tough, you tighten your belt. that is from february 2010. guest: she is right. when you come out here for an awards banquet or a trade show, corporations do not just spend money to spend money. they bring people out here to increase productivity. a trade show let your competitors know what you're doing. we are the number one convention destination in the united states because we built that up. when you have a president's saying do not go to vegas, it hurts us. host: we will take a call now on the democratic line. denise, are you there? i want to ask you about the question of ron paul voters in nevada and how they are going to play in this race. at the nominating convention, some o

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today though we get aig

i know bob earlier on was saying some of the companies with exposure like travelers -- >> aig, all states, all the usual suspects there, we put a board of them up. >> it's a shame if we weren't so broke we could bury the power lines like every other developed nation but we're too broke. how does hurricane sandy impact your prices at the gas pump? >> let's ask our cnbc contractor here. >> we're seeing a spike in diesel fuel and gas prices as we anticipated the refine capacity on the east coast will get impacted. it was just being talked about, this won't be a major storm in terms of being a category 2 or 3 where insfra trukt tour will get impacted but if we lose power or get flooded out, that will disrupt shipments and supplies and we import a lot of fuel into the east coast to that too. >> we just had the weather guy on. i don't want to go after them, right, we're colleagues, but i'm looking at the national oceanic forecast and we're looking at 10 inches of rain in the mid-atlantic. don't the refineries gets flooded? >> i think the weather channel guys have been through it all so they do

while that might not seem like a huge slide, it is when you know it was bolstered by aig's jumbo $20 billion secondary stock sale in august that comprised a third of the year's activity. the number of ipos is also down. cut more than in half from the same period last year. what the fed has done is juiced the high yield market, driving a record buying spree for junk bond at yields normally reserved for higher credit companies. in september, a home builder, d.r. horton, sold $325 million of bonds at the lowest ever yield for a ten-year junk bond. even those record levels of junk bonds not seen since 1980, mar e maria, still not enough to make money for the bank. investment banking fees the lowest since the posdrought. >> really striking. thank you so much. we have breaking news now from phil. >> we've been talking all day about stronger than expected auto sales. now we know how strong. auto data has calculated that the september sales rate was 14.96 million vehicles. that is the strongest since early '08 for one month and the strongest third quarter since the third quarter of 2007. aga

among them walmart, aig and 3m, loss clorox which is the second-worst performing stock within the s&p consumer sector group. up just about 1%, 74 cents. that's a 52-week high for clorox at $74.48. >>> with the world recovery potentially on the ropes, where do investors turn in these volatile times? our next guest has some truly surprising suggestions. back with us now, sara zervos who manages $22 billion across three international and emerging market debt funds for oppenheimer funds. welcome back, sara. i know you do have some surprising suggestions for our viewers. you like emerging market debt, but perhaps not some of the usual suspects. >> sure. so we look across several different asset classes in emerging markets and one of the asset classes we like is coverage high-yield debt which brings the name venezuela to mind. that usually makes a lot of americans, investors, generally a little wiggly. >> i would say that's a good observation. but what is it that you find compel enough to go that far out on the risk curve? >> well, it is not that far in terms of when we do the fundamental a

that was aig part leaving idol too, it freed me up to accept some movie things. katie: we'll be waiting and watching. when we come back, we're going where cameras have never gone before, inside jennifer's closet. [cheers and applause] katie: and later -- >> be cool and calm and open. katie: there's a behind the scenes meeting in my dressing room and jennifer has no idea. room and jennifer has no idea. come back to find out what [cheers and applause] katie: and that was jennifer shooting her september cover for "in style" magazine. i'm also in tissue, but of course j-lo's on the cover. [laughter] recently she opened a lot of doors for us including the one to her home. so let's take a look. what better way to watch your own movie than in your very own screening room? and everyone from the block can drop by because this theater seats 20. just down the haul the room where jennifer runs her empire, her home office. jam-packed with the hardware to prove she's got all the right moves. three american music awards, a pair of people choice awards and two moon men, otherwis

clearly, some of the multiline insurers, like an aig or a hartford, which i own, may be good buying opportunity. if you look at some of the companies like allstate or travelers which have a lot of exposure as well, some good buying opportunities. even though the numbers are high here, potentially as high as the $20 billion range, there's enough capital to deal with this. i think it could be a buying opportunity. >> we're trying to anticipate the nature of the markets tomorrow when we open after two days being off. it's hard to assess that before it actually happens. do you think there might be a number of people who will want to raise cash and maybe want to sell in this market environment as they try and rebuild? is that going to be a trend for a while, do you think? >> well, certainly the insurance companies are going to have to raise cash because they're going to have to pay out. we'll see all sorts of markets that may have stocks for sale. it is month end as well. i think you have some portfolio rebalancing. some mutual funds have their fiscal year happening. i think the market will certainl