you guys, we're talking about aig. just two observations on aig. you'll notice here, it looks like to me they're not repurchasing any of their shares. they're dumping a huge amount of shares on the market. aig isn't actually buying it back. that's a signed of strength for the company. the other interesting thing is, the losses on sandy have been coming in recently. aig gave $2 billion in pre-tax losses. you include the taxes, after-tax, maybe 1.3, $1.4 billion in losses. that is imminently manageable. for all this disaster, and it was indeed a disaster, roughly $20 billion short losses, total in short losses for everyone has been imminently managed. if you think #$.3 billion, after tax losses for aig, they made $1.9 billion in profit in the last quarter. and they're going to have insured losses after taxes, $1.3 billion. imminently manageable. have you noticed, by the way, that all the insurance companies are trading back where they were at the prices they were trading at prior to hurricane sandy. by the way, while we're on aig, for all those peopl

>> a lot of calls trading aig. still cheap to tangible book so, i think that's a good play. >> going to watch brian on thursday and i'm going to sell eem, which has had a great run. >> keith? >> looking for stocks to buy that have already gotten down multiple times. long fedex. >> aig. >> brian? >> i like platinum pplt. >> i'll see you tomorrow at 9:00 a.m. don't got anywhere. >>> i'm jim cramer and welcome to my world. "mad money," you can't afford to miss it. hey i'm cramer welcome to "mad money." weath other people want to make friends, i want to teach you. call me at 1-800-743, cnbc. i came back from washington and i got good news and bad news. the good news they want to rise above the bad news, the republicans want to rise above tax in cricreases and the democ want to rise above spending cuts. but this morning rally, the averages got pulled down when harry reid said there probably won't be a deal in time for christmas. the nasdaq climbing 1.8%. i hope this mini rally is happening because people have looked ove

what's next with aig.ell me what you do with the cash on hand. >> first of all, we want to shake sure we main sustain sufficient liquidity. we sell promises, sometimes promises for poem's lifetimes. we need to be able to withstand every stress in the future rand that's our first priority. we want to buy back our debt because we want to make sure we have the right debt-to-profit ratio. if we have a lot of flexibility in our capital, which we think we're building, we have an opportunity to buy back shares down the road once that's all understood. >> when would you expect some of the shareholder friendly things to take place? we know the stock has done very well for shareholders next year but people are looking for dividend and looking for a stock buyback -- >> i haven't seen it. i want to make sure when i do it, i'll do it, when everybody is absolutely confident that we have liquidity for any stress that you can imagine that we can handle. it really is maintaining confidence. we've come through a crisis and

the second person, aig ceo.his company had almost been destroyed by reckless managers and executives. and through force of will fixed the darn thing and turned it into more of a powerhouse before the crash and it isn't done. this time it was done on blocking and tackling. a warm and heartfelt thanks. that is what we care about. stay with cramer. >> it is a brutal full contact sport. >> when the whistle blows, traders bracing for what could turn out to be the final play of the game. >> i know it is not easy but i promise to keep fighting for you. >> the road is a tough one. but the pay off can be a great win. >>> tonight on the 4th anniversary of the arrest of mastermind bernie madoff don't miss hif

shares of aig.ernment sold all the shares and made a lot of money off of this. everyone thought we were gonna lose our shirts on this one. >> he have the companies that in trouble for basically packaging them together and selling them to the public cannot explain to people about the risk exposure. it came very close to failing and the government stepped and by believe them out. we may $22.7 billion. on occasion it makes for the government's sale of companies would stipulations. we put stipulations on aig and i think that was smart. i wish i had invested at them once upon a time. >> of will to check back with rabid 915 with winners and losers on wall street. >> 649 and the weather is chilly >> that is right a lot of locations are in the upper 30's and a lot of lower temperatures and dense fog. focusing on the positive we take a live look gorgeous conditions from our mt. tam cam this morning. temperatures range from the upper 30's and the north bay valleys. mid-40s out the door in san jose and oakland

to purchase aig common stock.k to you. liz: we'll be watching as the stock trends down a bit in after-hours. what you were saying about the center and where the money people will bid on? >> this is to carry forward robert kennedy he is unfished work. this is for schools across the country and around the world and teaching kids about stopping bullying and human rights. we do grassroots human rights work. we're trying to stop the anti-homosexuality bill in uganda which would make homosexuality punishable by the death penalty. liz: have you accomplished some of the things you've set out to today the? >> absolutely. we freed prisoners from south korea and kenya. we created change on basic human rights issues around the world and in the united states. liz: but it all requires money. >> exactly. liz: here is where the auction comes in. so the beneficiaries as we put it up on the screen are from some amazing internships and experiences. you see a lot of these in new york but let's get to the first one. it is right up our

the very part of aig that ended up destroying the company. so it was a constant source of frustration. the fact that our taxpayer money was being directed into the pockets of the very people who caused this crisis and eventually benefited so generously from this is part of the bailout. >> host: irene is in pennsylvania. she calls us today. go ahead with your question for neil barofsky. >> caller: into so much for articulating your comments for the fiscal cliff. i appreciate it. i was most interested in your process for writing the book. it is so close to the events. did you have to get special permissions write the book? what was your primary motivation? since so many of us are looking for better jobs, i love the city left a job you love to do this. that. you said that you might write something else. were you going to do next? >> sure. the good news about this is that for me, when writing this book, there are certain things i could never write about. like any type of ongoing criminal investigation in any of that information is just completely

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now, let's talk about aig, which you mentioned. the government says that it made $22.7 billion on the aig bailout. and that was a bailout. some republicans say the unions kept us from making money on gm as well. is that a fair comparison? >> no, not at all. in part, look at the size of the risk we took for aig versus the return we got. we got a return. but commensurate with the risk it wasn't close. taking away their organizing power in michigan. so to argue that this was some giveaway and sop to the unions is absurd. >> the treasury posts this t.a.r.p. tracker on its website, says it's recovered 89% of the money invested in the automobile industry, aig, and the banks. generally good news here? >> oh, yeah. we're getting out of this stuff, which we should be out of. what we need is to have a real discussion about do we get economic rules so to provide viable companies so this doesn't happen again. the problem isn't going to be gm. it's wall street. >> here is what is lost in the whole conversation here. what we went through in 2008

quite a coup for the treasury and for aig alike.sue new shares, of course, you're going to see that stock go down. melissa? >> kayla, thank you. pete, your long aig -- had to have been expected. >> right. sooner or later, we expected to see some of this. if the stock doesn't get hit too hard tomorrow. one thing i'd keep in mind is, the upside call buying in this name has been absolutely spectacular. so, folks definitely betting on the idea that some point, aig is going to get going. by the way, the buying has really put more in january than in the short-term. if we start to see that bounce, there's plenty of time to see the options perform. >> the countdown to the fiscal cliff continues and markets remain in cliff hanger mode. should you be getting bullish on 2013? joining us now, ed. >> thank you. >> i'm curious what your take is, if a deal is announced tomorrow, what would the market be? >> 1465 in a heart beat. get to a new high. i don't think we'll take out the all-time record high but that could happen early next year, so -- i

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four years after the bailout. 16% of aig is being offered to raise $7.6 billion.one point, treasury determined it would never generate today profit to u.s. taxpayers as it old out and returned to voice. >> i just feel all warm and cozy inside about it. texas instruments is narrowing its fourth quarter sales outlook and nudging up earnings forecast after accounting for its exit for most of the mobile chip market. t.i. now expects to own shares. last month, the company announced it would cut nearly 5% of its workforce. shares, though, we can check on frankfurt trade shedding .8%. >>> and as many as 10,000 union workers for michigan and the u.s. are expected to protest at the state's capital building today over a proposed right to work bill. this would prohibit consumers to pay more. governor rick snyder says he'll sign it. michigan will become the 24th u.s. right to work staid state. >>> and cnbc is taking to washington today as we send becky quick, larry kudlow and jim cramim cramer to the white . they'll be leading off with a special mission critical rise above d.

you mentioned aig. a chinese company is paying $4 billion for aig's plane leasing business. aig remember got $189 billion as a bailout fund that was back in september of 2008. the taxpayers still are the largest shareholder in aig. we sold the plane leasing business to china cheap. second item, a 123 batteries, americans taxpayers gave that company $249 million in grants and another 250 million in tax subsidies. the chinese are snapping it up for $247 million. item, martha. the national association of realtors reported chinese buyers paid $7 billion for american mansions, single family, upscale homes. making them the second largest group of overseas buyers and they mostly paid in cash. they have the money and spending it here buying american assets cheap. martha: there are a number of ways to look at this obviously. if the companies do sell off parts of them will it make them leaner, more efficient. the other side is to consider who the buyer is and what the dynamic is, we're about a trillion dollars in debt to china. how does that change our dynamic between the two countrie

government selling aig at a big profit of roughly $20 billion.that mean you should be buying aig right now as the government is unloading its shares? that's what we're talking about and talking numbers today on the technical said. ennis tanner who is neutral on this stock and on the fundamental skok it's matt goad and you like the stock here, matt. why would you go the opposite of uncle sam. they are selling, at a profit. why would you buy here? >> thank, bill, and thank you for having me. great to be on here with ennis. why i specifically like it. the government is out of the way. they were not a voluntary investor in this in four years. the overhang the street has been dealing with since they have made this investment is over with. you now have a company trading for half a book. they just sold ilfc for over $3 billion. i see a stock buyback coming and to me that's buying dollar bills for 50 cents and that's a good thing to be doing. >> and why are you lukewarm? >> if we look at the chart, bill, i'll show you what gives me pause. the one-year pa

the government is poised to make a $22 billion profit on its bailout of aig. the treasury department said this week it will sell its remaining shares of the insurance company. that consists of 234 million shares, or 15.9% of the company. it marks an end to the bailout the government gave to aig at the start of the financial crisis. thousands of supporters and opponents are expected at a public hearing on fracking today in albany, new york - and there could be friction. conservationists say hydraulic fracturing for gas is harmful to the environment, while supporters claim it creates jobs and more domestic oil. today in upstate new york marks the final opportunity for public comment before the the department of environmental conservation makes a final decision. in a speech today, former president bill clinton will use his star power to talk about the growth of wind power in the midwest. one study shows adding wind energy to the grid saves midwest consumers between $65 and $200 per year. bill clinton has become an increasingly strong proponent of renewable energy

aig higher 4 1/2% treasury news selling 16% steak in property casualty.million shares average price of $32.50. this means the government will net a profit of $22.7 billion on that aig bill that guarantees loans and treasury investments. back to you. >> mary, thanks. paper is growing. >> if it stabilizes i'll buy more. two negative data opponents i was rating to come out. one was the hurricane damage, when he know what that is or the maximum will be, and the treasury overhang. full guns ahead. >> pops and drops, first one monster beverage, a pop. >> trading at a 50% discount to its 52-week high. stiffel came out with a buy rating. >> google back over 700. >> they want tech at the end of the year, same thing every year. google a clean name. not a lot of flies on it. challenging 50 day moving average of 58, looks like she wants to take it out for good. stock looks terrific. >> delta. >> delta is fantastic. stake in virgin. they are buying a company that had a $130 million loss in the last calendar year. the better trade who got the 360 million, singapore air

aig selling most of their leasing unit to the chinese investors. for a bargain.a shopping for more deals in america? peter kaufman weighs in next. tracy: let's take a look at some of the winners and losers as we head out to break. s&p 500 winners. we will be right back. @racy: it is 30 past the hour, check of the market as we do every 15 minutes. nicole petallides on the floor of the new york stock exchange with a friend. >> that is right. he and i were just chatting. the first thing i noticed on the dial, which is going nowhere fast, we are seeing some clear winners. that is tech and mcdonald's. >> not just yet. we cannot fully buy into the short-term rallies we are seeing right now. there's not a lot of news out there today. no economic data. people are just grasping for certain things to trade off of today but the market has traded higher and will trend higher. fiscal cliff talks getting closer and closer to the deadline, both sides will realize they're running out of time i and the positive effect will come from that. nicole: you have said the trend remains t

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some firms, countrywide, aig and citigroup continued the blind pursuit of market share without regard to changing market circumstances. where whirred the regulators? to say the least government actions before the crisis were seriously inadequate to protect against the economic debacle. knots' and related is the fact that the financial insurance and real-estate sector was by far the greatest source of campaign contributions to federal candidates and parties contributed almost half a billion dollars in the election cycle 2007-2008 alone. financial services industry too often used its clout to lobby for government policies that ultimately hurt rather than benefited major financial terms. classic was the may fannie mae and freddie mac fought for years against more capable supervision and better capital standards. that might have saved them from making bad decisions that destroyed the two companies in 2008. the industry's political strength impeded other supervisory actions as well such as the effort of regulators to limit excessive lending concentrations in non-traditional mortgages or co

actions of companies like aig and others, there were a lot of innocent parties and the economy, jobs that were lost as a result of those actions. and i think we know, and i think the dealers should report their trades to a data repository, or an appropriate regulator. dealers should submit eligible trades for clearing their central counterparty or register clearinghouse and electronic platforms, and exchange trading and voice brokerage should be available to market participan participants. having said all that, the rules must have some flexibility. they must be flexible enough to have the alternative forms of execution to flourish. if all derivatives were supposed to be traded on an exchange, then they would all be futures. derivatives are different from exchange listed products, and imposing the listed futures or equities market model on the derivatives is not the mandate of title vii. and i know there's some different interpretation. i want to say that the very complexity of this, we were all there, all of this was the last two or three days, the last night, things were thrown toge

aig was rescued in 2008 just before it had to file for bankruptcy. now aig executives say the company may be able to pay a dividends to the shareholders by next summer. >>> we're learning about an up expected new fee that's part of the reforms. it's a temporary $63 per person fee designed to help pay for people with preexisting conditions. it will hit health plans affecting 9 0 million americans. the -- 90 million americans. the fee will start in 2014. it will last about three years. most of that fee will be passed on to workers. >>> well, some better news this morning, about childhood obesity nationwide. several big cities say obesity rights are actually going down. "the new york times" says new york city, los angeles, philadelphia, anchorage and kerney, nebraska all reported declines in obesity. they are not sure what is contributing to the decline because those cities have had programs fighting childhood obesity for years. >>> it is 7:17. the australian radio station behind that royal primary call that ended in tragedy says it will donate this mon

. >> shares of aig up about 3%.heir asian interest aia, basically going to get about 6 billion plus in terms of net on that deal so they will be out of that position. if you put into account, being out of their commit many to the u.s. government now putting cash in the bank to the tune of 6 to $6.5 billion, aig continues to look stronger every single day. up about 50% year to date. back to you. >> thank pup next half hour. bonds, are they in a bubble ready to burst? many thought it would happen this year, and they were wrong. we will discuss the bond out. meet with gibbs and smith, chief enverse many officer. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car

so, there is something to be said but aig is one thing, fannie and freddie?s rescue of the company, if the housing market does worse than it was. but, one other thing we could look at without talkso talking about doing away are fannie and -- away with fannie and freddie, is address the regulators, this is a choice, one that is already being discussed. they are ones that capped salary, at fannie and freddie, they are the ones that regulate and they are oversight of the companies right now, why not maybe dress that situation, they could be the root of the problem. neil: there could be too man people working there -- too many people period working there. >> you -- some point, you have to got to let the people working out the firms takeover, and you can't have the government have too many hands in there, as we've seen in the past -- that does not work. neil: your point is there are too many people at entity of fannie and freddie right now, leaving aside the government sticking its nose in. >> i am more than happy to let people get whatever amount of pay their tal

treasury sold its last share of aig stock. and it turns out, taxpayers made a profit of $22.7 billion. and today, that good news sent a jolt across wall street. the dow closing up, the fifth straight day of gains. the longest rally since march. >>> we want to show you an image that came into our news room today. imagine seeing this through your front windshield. it was the scene on an interstate highway in west virginia today. a massive gas line explosion, flames 75 feet high. so intense firefighters couldn't even approach. eye witnesses say it sounded like a boeing 757. the fire raging for an hour, completely destroying four homes, damaging five others and leaving two people with minor injuries. >>> and now, a major headline for the millions of americans battling depression. 1 in 10 americans take antidepressants, but they can take weeks or months to bring relief. well, now, the national institutes of health is saying they're trying a new kind of medication that may bring relief much faster. abc's chief medical editor dr. ric

a chinese group buys aig plain leasing group. and aig is virtually unchanged.w the name, goodyear tire and rubber transferred the stock. and mcdonald's thigh of 90 bucks. a fda panel voted against recommending zogonics, sew agzo did they recommend it, pain killer for approval and the stock goes down significantly. they voted against let's get na straight. they voted against it. and honeywell to buy intermec. up goes the stock. and apple says it's bringing manufacturing back here. is china's run of the factory, it's not coming to an end. is this a drop in the bucket? we'll have more in a moment. >> here we go. ♪ put on your yarmulkah, here comes hanukkah ♪ ♪ so much funica, hanukkah ♪ >> what was that here comes hanukkah, so much funica. very interesting. we'll probably play more holiday music if we can get away with it the rest of the show. ♪ instead of one day of christmas we have eight crazy nights ♪ [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus-branch seminars a

she is talking about aig. nicole: let's talk about aig. be less than a sale than they had hoped. the aircraft leasing business. they are selling it to a consortium of chinese companies for $4.8 billion. the stock is down about 1.5%. aig is up the dow ones industrials have an up arrow. some of the tech stocks are really leading the way. karl icahn may be getting involved. we certainly have a lot of winners here on the dow jones industrials. take a look at mcdonald's. up 1.4%. they have been doing so well with the preface sandwiches here in the united states. connell: thank you. connell: let's go to rich@. rich: more than a billion dollars in criminal fines. the fines include more than a half billion dollars for auto parts companies and executives. those and several other smaller fines totaled more than $1.1 billion. the former director says the ongoing investigation into other auto parts companies and the interest rate rigging scandal could set up 2013 as another record-breaking year. >> we have other wide-ranging investigation that there t

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therefore, we could have put aig into bankruptcy. the only difference is one woman was writing all this stuff. >> so we would have survived? >> yes. neil: now we have an environment where this is routinely done. the european central bank will do the same over there. >> what has become of capitalism? >> the capitalism has been destroyed by central banks. they are the price of death. when you have the entire financial system trading off the last ofthe statements and whispered words of the central banks, it is no longer ding its job. or allocating capital, discounting the future, making choices within the financial system. so if you don't have capital markets that are robust and working, how can you have a dynamic of capitalism? i don't think you do. this is the ltimate fault of this money printing binge that were on today. neil: up that the chicken is coming to roast? >> everybody is making their own choice. we have massive speculation going on. basically we are diverting capital to a spectrum of use. what we are telling washington, yo

government is getting out of aig. totally? >> big news, big news here.his is something obviously we've been following, right? launch business network launched in 2007 ahead of the entire financial crisis. we watched aig getting bailed out in 2008 and now there has been six sales and $1.6 billion worth. so this is their latest stock sale coming. they're claiming a profit, the government, treasury department of $22.7 billion with these shares. and these sales that they have been making. and there's a look at the stock right now. it is up over 5% at 35.07. back to you. lori: thank you, nicole. melissa: will apple jump in on the special dividend craze? they have plenty of cash but weill tell you why investors may not see the payout. look at movers. today's winners and losers. there is the nasdaq. we'll start there. flextronics up 7%. we're back in a moment. [ male announcer ] this isteve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke hgoesith people he trusts, which is why he trad

roughly 16% of aig shares. this is a mayjor coupe for the government.ll at 33 bucks even though it's down after-hours up from the re-ipo after the financial crisis. >> and it's something that will make the ceo very, very happy. the last couple times he's been on this program, he has been campaigning publicly for the government to do just that. he wants them off his balance sheet and off his back. >> it was an unpopular risk to begin with. so brings this all into the era. >> as kayla pointed out, it turned out to be profitable for the country. >> absolutely. >>> in the meantime, death tax would jump. we talk about why it might cost someone's heirs a ton of money if their die on new year's day versus new year's eve. >> and later bmw and mercedes are running neck and neck for the best luxury maker in the country. phil lebeau has the huge deal story coming up. if you think running a restaurant is hard, try running four. fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we pu

. >> headlines on aig this morning. a chinese company in talks to buy a portion of aig's unit. tausche has more on that. >> aig is in talks to sell that unit not limited to chinese investors according to sources familiar with the matter and the unit has been for sale since it filed for ipo in 2011 and previous attempts to buy it outright were thwarted preventing foreign buyers to own more than a quarter of all voting shares. reports that this group would be led by new china trust company but sources say it would need to include u.s. investors because the bylaws still say the president and at least two-thirds of the directors and managing officers be u.s. citizens. now exact structure in price of the deal are still unclear. we should know in just a couple of days aig spokesman for that matter declined to comment. aig ceo has pointed to a book value of $7 billion for ilfs and said he would not sell or ipo below that price which interestingly the reported price tag of 5.5 billion is below that price. aig had been prepping that unit for a multibillion dollar ipo which my sources sa

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nicole: aig has been selling off assets. they started about 100 years ago.up about 3%. they may raise six and a half billion dollars from this sale. this is exiting that business that i told you was about a century old. aig has been selling off parts of its business. this is after they are just trying to pay it back. this is a very big deal. it could be $6.5 billion worth. the stock is up a dollar. back to you. melissa: thank you very much. apple flirted with $500 a share. remember when it was 705. lori: a rich share price. all things in perspective. planning for the fiscal cliff. we had to and auto repair company that will have to pull resources to pay for taxes. as we head off to break, let's show you some of the big winners today. back right after this. ♪ ally bank. why they have a raise ur rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell m what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally

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the bush administration bought $30 million worth of aig stock.he treasurely the president says now it is selling the stock and collecting a profit of more than $22 billion. aig says it's now doing well enough that it might pay a dividend to shareholders this coming summer. >>> real estate experts say that short sales are surging as distressed homeowner are moving on a sales tax. it expires december 31st unless washington extends it again. it will allow homeowners to not pay a federal tax. >> according to realty track, short sales were up 33% ending september 30th over the same period a year ago. >>> some good news for crab fishermen. their dispute is now over. rob roth tells us what they finally agreed on that lets them take their boats out to sea. rob. >> reporter: well frank, here at fisherman's wharf, fishermen are working in the dark getting their boats ready, they are going back to work. crab fishermen are getting ready, many are loading squid on to their boats to use as crab bait. some told us they expect to head out after midnight. >> i'm

do take a look there at aig shares, down about 1.5% in trade. aig clearly underperforming this morning. >> china's wangxiang group has won the bid for a123 systems. wanxiang is china's largest batterymaker and that doesn't include the part of a123's big that works with the pentagon. still, the deal must be approved by the committee that works on cfis. several retired military leader ves pressed the panel to reject wanxiang's takeover. they added about 1.4% in trade this morning, down, though, nearly better than 7% over the last couple of months. let's take a quick look now at what's on the agenda today as we turn our attention to the u.s. no economic data, tragically, but it's still a fairly busy week. tomorrow, the meeting begins and we'll get trade deficit figures. wednesday is import prices and that fed decision along with ben bernan bernanke's news conference. theirs, jobless claims and november sales on ppi. on friday, we'll get consumer prices and industrial production. check in now on european markets, the ftse mib now at session lows dow

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aig. nicole: the second largest block sale ever. about 100 years ago.ig stock right now is up about 2%. everyone remembers the large bailout back in 2008. here is a look at aig. doing well. let's continue to take a look at the major market averages. the nasdaq composite, not quite at the 3000 mark. today we have been watching apple very carefully. there is a look at the s&p 500. three quarters of of 1%. dagen: have to make a little bit of money with our good friend charles payne. the story of a company that once wild the world. really works back. charles: it was an incredibly hot stock. have therapeutic. in the 90s, his stock was absolutely unstoppable. to me it is a case study that they've sort of put it in neutral. by november 2005, it was the listed. they are at fiscal year 12. revenue is up. markets are increasing. strong cash flow. this is a company that has gone through the ringers. they know they dropped the ball. connell: that is a pretty good job out of them. i was trying to think what would be a good example. [talking over each other] dagen: i

some breaking news on aig just out a short time ago. the treasurynnounced it is sellg all of its remaining 234 common shares in the insurance giant however treasury will continue to hold warrants urchase aig common sck. investors refusing to give up hope on the fiscal cliff. the dow and s&p 500 gained post-election day tumble. the dow climbed 13 points for its fourth straight game. >>> more trouble for once untouchable apple. jeffries cut its price target by 100 bucks down to 80 ashare. shares fell by more than half a percent on theews. >>> now on to our top story. tonighis taxes and how hard we are all about to get hit. there are already a trillion in t increases baked rig into the obamacare law and that means upper being in earners will see billions of dollars in tax hikes as it is. for democrats it is not enough. with republican lawmakers backing off the pledge not to raise taxes looks like tax hikes for the wealthy are certainty. joining for more, grover norquist, president of americans for tax rform. thanks so much for joining us.

. >>> insurance giant aig is saying thank you and showing their thanks for the bailout they received. they want taxpayers to know the u.s. treasury made a multibillion dollar profit on giving that loan. the thank you mesh ad campaign claims the government has more than $20 billion in the deal. >>> a westminster mans dead after a car crashed at carroll hospital center. it happened just after 8:00. >> reporter: tire tracks cut through the grass in front of the sleep center at carroll hospital center showinged unexpected path a driver took this morning. >> we had a vehicle enter the hospital grounds, lose control, go across the lawn and strike part of our building. >> reporter: turns out the driver of that vehicle had a medical emergency while he was behind the wheel. the carroll county sheriff's office said 78-year-old thomas skipper, jr. jumped the curve and ran over a tree before crashing into an office window. >> there was someone siting in that area. luckily, he were not injured. >> reporter: that window is now covered with a tarp closed up so the facility can continue operating. sk