and aig in some ways was a very glamorous company. >> guest: even the name, aig, didn't have much -- sounds so vague and so -- almost like an james bond movie, you name the company that somebody was running. that vague quality. so i didn't really have a great understanding, and i think that was part of the problem that the company had when the dam burst because i think the american people, particularly, knew what citigroup was and what -- golden sack was and-door golden sachs or lehman brothers but didn't know much about the insurance company. it had a very foggy public image. >> host: aig was the poster child, one of the most, i think, if not the most, hated recipient of the government's bailout and it was 187 billion. right? one of the controversies of the financial crisis was this idea that the money went to aig bailed out firms like goldman sachs who received payment in full. so talk about how bob felt about that. >> guest: it infuriated him they were being bailed out at 100-cents to the dollar. it made no sense to him, and he called them vultures. and then it was -- additionally

when the aig board game to him said you must think i'm crazy. but then i thought about it and said to myself, you know they're right. the financial industry is in cass and i have the skills. the obituary went on to say the drum and self regard were typical of mr. bama shea, lot of them life executive who was 6-foot four inches, he restored aig to health by 2012 but he also repaid the entire debt to the american taxpayers in return 22,000,000,000 to them a profit as well. >> it's a remarkable achievement. i was thinking remarkable achievement. i was thinking about this even this morning bethany. he was the only person who thought this was possible. essentially. the government did not think this was going to happen, the company certainly do not think is going to happen. they were ready to sell it off for spare parts. certainly the american people had no expectation this was going to happen. so the idea that he was a little crazy, you had to be a little crazy to take this on. he was the right kind of crazy. he was approached earlier about the job w

-- david at aig. and just in the same way, hank had tremendous respect for bob and as h how he shepherded midwy through a difficult time, so there was a symbiosis connection that they had. hank left under the difficult circumstances having to do with the attorney general. you look at the long story that hank was one of the people who run the government and aig were looking for a new leader after whitty re-signed, he was one of the most debat people looking td they had some meetings over time. bob respected hank and i think that he thought aig was too vague and he came to the conclusion they created something that was unattainable. what he would say is that hank created a company so huge only hank understood it. so by the time he came along, he knew that there have to be some sensible reduction in the size of the company and i think over time he continued to want hank as a sort of silent ally as someone who supported at least i believe because that's what he thought was a really smart businessman. >> h

what pieces are best owned by aig? as we look to some five the company, we want to focus on the areas that long together. i think that's one of the largest insurance companies. we have over 90 million clients. we are focused on solving that long-term risk challenge. clients's to be our most valued insurer. that's opposed to making money in anyone quarter or year. betty: i know you are at your global footprint. the areas geographically you're looking at exiting? how would you exit those areas? have a physical presence in over 90 countries. productlot of different in those countries. we have decided we can only offer personal insurance efficiently in 15 of those countries. we are exiting in many of those others. we remain in those countries onl change to more focus commercial clients who value our network. we are exiting products within countries. an example was in china. personal auto insurance was not something we could rescale fast enough. we have decided to stay in travel insurance in china. china last year had over

let's get back to breaking news from aig.the news we might be seeing a united guaranty raise of $700 million to 800 model -- a hundred million dollars. they're looking to exit this because aig is dealing with some activists in the company now. john hancock, the ceo, is try to shrink down the company and this is one step. he has said the mullah, we will exit united guaranty eventually. they're looking to sell about 19.9% of the company. and now we are coming to you, according to our sources -- this will put the company at a valuation around $4 billion. looking at the competition across the board, radiant is the number two mortgage insurer in this market. this evaluatio premium to radia. they are looking for a better price for this exit that would help aig down this road to shrieking itself. vonnie: would it satisfy -- shrinking itself. vonnie: would it satisfy these activists? alex: what we are hearing across investors are looking for returns and managing the expense ratio over at aig. getting rid of and investing parts of the

and shares of aig down in the premarket after earnings. peter hancock will join us live. >>> first up, tim cook defending app apple's latest results and the stock mired in a slump. he was on with "mad money" last night. >> if you talk about macroheadwinds, difficult compares dominant. >> yeah. >> currency, no new iteration yet. if you're going to be opportunistic wouldn't you say let all the hedge funds blow it out and then we'll make a statement? >> well, opportunistic to me means you buy it when you think the company's undervalued. we believe the company's undervalued. >> all right. i got to get your thoughts on what he said and whether it changed your view in any way, whether it should change other people's views. >> i think if you want to take a longer term view, it should change your view. the reason is because the company will not look like it looks now. the company will be a service revenue company within an installed device base. the motto of all these usually the m.o. is razor, razor blade. that's what's happening. they backed spo

it was over the top and it got to the point aig took the name of the building. they started creating things like the property and casualty's company that didn't want any association with the name. people wouldn't even know where their id tags anymore. >> guest: another thing to be wildly angry about, he felt that it was congress and even the president who said the anger and their statements they might even be privately much more conciliatory but publicly they were condemning and using language that just inflamed the hostility and made everybody's job in his opinion harder. the government wanted them to pay back the money and at the same time was telling people it was a disreputable organization that made no sense but it was mostly because he couldn't believe he has an outside amount of sympathy for his own people, but you can understand he felt responsible for these people. >> host: you said about congress they seemed intent on the sabotage? >> guest: he would watch as these things would unfold in a congressional hearing about the retreat at the saint regis hote

plus, insurance giant aig reports third straight loss on hedge funds.ef executive peter hancock says the company is back on track. we have some breaking news for you. isen pao

we'll also have earnings from aig any minute here. we're going bring those to you as soon as we move across the wires. we're moving through the earning season. joining today's panel, we have cnbc's market commentator and mark santoli. welcome back. along with cnbc contributor carol roth. welcome back. it seems like we were just here. tim seymour joins us as well, miechl mike. ben said this is a warren buffett day. what do you think? >> i think his comments about amazon maybe if i could point to one thing could have put a little life into that stock and that whole category, but on the whole, though, i think what really went on here today, first of the month, you mentioned the first trading day of the month. you got back three quarters of what you lost last week in the 1% decline. to me last week's decline was relatively contained. it was related to stocks. to me the dollar down big again. mine you can't really hide it. that's why you can go up when oil's down 2.5% when you have the dollar making it. >> i was looking at that. let's show

we will talk about what he thinks about aig. aig posted a third straight loss yesterday.coming up next on bloomberg go. ♪ matt: this is bloomberg go. coming up in the next hour, gregory nassour. ♪ this is bloomberg go. i'm jonathan ferro. bp has thrown in the towel in the fight over the 2010 oil spill. almost $1 billion in damages to fishermen and seafood processors it said did not exist. lawyers for the seafood industry , claimed bp, fraudulently inflated the number of claims. in new been investing technology like a self driving electric cars. the company -- hopes it could replace its flagship model. hugo boss promises to close stores that cannot make a profit. hugo boss is struggling with lackluster demand in asia and discounting in the u.s.. : aig shares are down. seeing its biggest loss in hedge funds. sure knowledgeis --ss li billionave about $810 -- they have about a $10 billion hedge fund portfolio. is they haveut aig said they are going to cut their holdings by half. david: the hedge fund holdings. specifically. that has been contributing to so much volatility. so

you were somebody correctly identified problems at ge around aig. this is not a political thing. numbers and finance is hard work. it is your business. looking inside of this i started to go through your reports. you have 40 reports you will be releasing. one thing that jumped out at me, but one of the biggest, bill clinton paid himself and collected payments from something called laureate,

. >>> and shares of aig fell in after a-hours trade after it missed us.he insurance company posted first quarter adjusted earnings of 65% a share versus the $1 expected in the thompson reuters investment. mary thompson reports. >> aig reporting disappointing results missing analysts' estimates for a third quarter in a row. the insurance giant hit hard by the market volatility during the first pleathree months of the y. in particular, this hurt hedge fund investments. and it put pressure on it. adjusted earningses of 65 cents a share came below inteshare. consumer and commercial became in below wall street forecast as well. aig is in the midst of restructuring, of course and it did report improvements on a couple of key metrics. it's return improved, and the company cut expenses by 5% in the first quarter of last year once you account for currency translations. importantly, the combined ratio which say measure of profitability, that, too, improved in a number of business lines. most notably, its commercial and property casualty line and consumer personal l

we are optimistic they have a large stake in aig. interests are highly aligned with management and with other shareholders in building a long-term sustainable value of the company. >> the second largest french lender climbing after the bank surprised analysts with an undetected boost in first-quarter profits. at jpmorgan, ib not so great. what you make of the numbers? >> you mentioned ib. they talked about more cuts but it is surprising they posted an increase in fixed income training which we have not seen at any other banks. they are smaller than some of the others but this was not the story you were supposed to see. although bigger banks talked about regional players dropping out of that business and allowing them to gain more shares. here they are kind of making a comeback in that business and always catching up to morgan stanley in terms of revenue. >> we saw that with barclays too. it was not down in a terrific way. is there a european-u.s. story there? >> we are seeing a mix in the europeans. you have better than expected at s

not the same story for aig.ompany is seeing its third straight unprofitable quarter as it suffers from losses from otherfunds and investments. they lost $.16 per share. net investment income was down 44%, made off hedge funds, coming in low of $577 million. they're making money, though, in some capacity, for every $100 they made in premiums, they only had to pay out about $96.90. so they made a profit margin of three dollars. when it comes to future business, outlook is weak. this chart shows that up guidance as a percentage of total guidance is around 20%, down from 21.5% in the beginning of the year and when below where it was a year ago at 25%. joining us now is tobias leskovich from citigroup. you are noted for being a bull in the market. how do you interpret these of guidance is getting lower? concerned it is the about management overpromising and under delivering. they will take the cautionary route. you get to that cringe worthy, cautiously optimistic term. part of it is we did a bit better than we though

shares of aig initially fell in after-hours trading. but they did finish the regular session up more than 1% to 56.59. look out tomorrow. >>> now that nuclear sanctions have been lifted against iran, there are numerous investors from all over the world traveling to that country to see what business opportunities are there. michelle caruso cabrera has more on the opportunity and the hurdles to investing in iran. >> reporter: nearly every sector of the iranian economy is in need of investment. energy at the top of the list. the government hopes to attract $150 billion in investment in the next year. the retailing sector remains nearly untouched by international brands. the pervasiveness of the big box retailer that we have in the united states or western europe, that hasn't arrived here. at least not yet. there are indications, though, that that could be starting to change. there are few modern malls popping up but there's clearly room for more. the largest auto plant in the middle east is in tehran with a capacity of 1.6 million cars per

the billionaire added shares of xerox and aig. it is notable, he didn't buy into any new companies in the quarter. >> what does that mean, he's worried about the quarter? or he's holding out for the next big stake. >>> also we should tell you that pershing square uping its stake in the whole foods brand. and bill ackman increased its shares in valeant and mondelez. and cutting his its stake. and i don't know if that's because of what he was doing. >> i mean, you had to -- i mean -- in it's obvious for anyone who could see beyond the desk. >> i had people asking me -- >> she's putting food away. >> like jif fy pop. >> that's not exactly how it happened. >> we don't need details on how it happened. we have an idea. we have an idea. it was the first time in 15 years? >> oh, oh. >> yeah, it is. >> i'll prefer her to not you. >> it's okay. >> check on the markets this morning. home depot. up 32 now. it was up more. and then it was up when we first started, 11 or 12. now up 32 points. >> home depot. >> that's right. home depot. a ten-ye

. >>> aig has raised $1.2 billion. the company sold about 740 billion shares.hey have been trimming their exposure over the past year. a group of investors a raising their offer for apollo ed. about $1.4 billion. apollo education delayed a shell after several came out against it. united airlines has cut the coo's pay by $1 million. it is related to an internal probe. that resulted in the resignation of ceo jeff smiesic last year. >>> other stocks to watch here, air france has named a new ceo. he will replace the ceo after failing to restructure the airline. he formerly h lly headed a bus train operator. expedia's ceo is one of the highest paid. most of the package came from stock options that expedia gave him. jc penney's shares could double over the next three years. they have made major progress in the last three months but still remain pretty much under the radar, trading under $10 a share, well off the high of $43 hit in 2012. >>> a perennial event didn't disappoint. we are joined with more of the highlights. >> good morning to you. warren buffett and charl

uncovers reality of corrupt financial practices and on after words, peter mark reports onto revive aigthe 2008 financial crisis and finish up our prime time programming at 11:00 with adina hoffman. it all happens tonight on c-span2 book tv. here is a look at some authors recently featured on book tv after words. aol cofounder steve case told us how emerging technologies are reshaping the internet. mother shooter discussed mental health and how she dealt with the tragedy and ellen malcolm recalls her creation of emily's list, works to elect pro-choice democratic women to political office. in the coming weeks on after words, will argue that measures to alleviate income inequality actually end up hurting low-income americans. chuck will discuss criminal justice reform and recall his 19 years in prison. also coming up we will talk about america's new working class and potential political power and this weekend peter marks will remember the career of the late aig ceo bob who turned the company around during the height of the financial crisis. >> he was the only person who thought this was p

plus, insurance giant aig reports third straight loss on hedge funds. the chief executive peter hancock says the company is back on track. we have some breaking news for you. is projected to advise companies on hiring pay as well as hr practices. summer suedck last the vc firm kleiner perkins and cal field. she said she was preyed on by male colleagues and denied a promotion when she complained about it. now, she is starting her own consultancy firm. she is starting a tech diversity advocacy group. advising companies on hiring hr pay practices. after she left kleiner perkins, she was the interim ceo of credit. she is also on the board of clipboard and lehigh technologies and is now starting her own consultancy shop. they'll miss an interview with the former kleiner perkins partner ellen pao about her new advocacy venture. that is one year after losing her discrimination lawsuit against the legendary the sea firm. catch that today at 3:00 p.m. eastern. we are halfway through a pretty brutal trading day. i want to head to the markets desk where bloomberg'

increase but good to see the rates will continue to go up i know none the departments are enjoying me aig that but make sure we are helping them to do efficiency and demand responses and storage will be cost effective pretty soon to make sure the hit is less and good to hear from colorado enterprise at some point the department of the environment is helping to do outreach on that that's correct. >> if not further >> all in favor, say i. >> i. >> opposed? unanimously goes forward next item, please. >> number 12 is there a motion to pass that item? >> i'll make a motion. >> second. >> public comment on item number 12. >> good afternoon eric brooks sf green party/our city/sf clean energy advocates. just want to reiterate something i said last meeting he talked with staff and sounds like it is possible with net metering program we need to as soon as possible to get a chart to show potential customers what pg&e pays for electrical compared to what we pay a little thing on the website and be handouts look you'll get a better tale from us than the pg&e so we can marketed public power and green c

eastern, peter marks reports on the late aig ceo's strategy to revive the company after the financialcrisis. and we finish up at 11 with edina hoffman. and that all happens tonight on c-span2's booktv. >> host: ed morrissey, in your new book, "going red," who are the two million voters that you talk about in this book? >> guest: the two million voters refer to voters in seven key counties in seven key swing states that republicans won in 2004 but lost in 2008 and 2012. so we're looking at bellwether counties in places like florida, virginia, ohio, north carolina, new hampshire, colorado and wisconsin. wisconsin's actually kind of an interesting case, because republicans haven't9 actually quite won wisconsin yet. but because of some of the changes that have occurred over the last few years in wisconsin, i think they have a pretty good understood the there. -- opportunity there. the idea is to find out who those voters are because the key thierry in this book is the reason why republicans win local and state elections but not presidential is because they have lost -- the national level

aig reported quarterly profits of 65 cents per share, 35 cents below consensus.underwriting and investments. viagen is spinning off the hemophilia business into a separately company to be named at a later date. john foxx will be ceo of the new company. >>> texas road house beat estimates by quarterly profits of 50 cents per share. restaurant chain also on pace for better than expected comparable sales for the current quarter. >>> when we return, tim armstrong joins us along with the ceo of ryot. >>> is uber wimping out when it comes to taking uber public. travis was on the show last week and had this to say. >> this is about building a company. it's always been that way for me. i have said even on cnbc that we're going to take as long as we possibly can to go public. >> will fred wilson join us. to respond. talk uber and other tech ventures. that interview straight ahead. we needed 30 new hires for our call center. i'm spending too much time hiring and not enough time in my kitchen. (announcer) need to hire fast? go to ziprecruiter.com and post your job to over 1

peter marks remembers the career of the late aig ceo who turned the company around during the height of the financial crisis. aol co-founder steve case told us how emerging technologies are reshaping the internet. and sue klebold, motherover of columbine high school shooter dylan klebold, discussed mental health and how she dealt with the tragedy. in the coming weeks on "after words," shaka singur discusses his 19 years in prison and criminal justice reform. tamara droughting will talk about america's new working class and its potential political power. also coming up, senate majority leader mitch mcconnell will look back on his life and career in politics. and this weekend don watkins, fellow at the ayn rand institute, will argue that measures to alleviate income inequality actually end up hurting low income americans. >> the real insight of the enlightenment thinkers like the founders was each of us is equal in the fact that we have equal rights. so the government's job is not to rule us, it's to be our servant, the servant, the protector of our rights. but what happens when it pro

. >> black bear in the park the animal has been seen roam aig round fairmount park.here it's been spotted why wildlife officials think it's been hanging out there. >>> but we begin tonight with breaking news. a scary situation in university city. several cars left with shattered wind dose. what police say someone was throwing at drivers from an overpass. >>> good evening, i'm ukee washington. >> i'm jessica dean. >>> let's get right out to "eyewitness news" reporter david spunt live in university city with breaking details tonight. >> this is not part idea at all it was an idea that could have killed several people passing by. there is a bridge over me right now it's a railroad bridge csx pass. we're on university avenue right now. basically what happened we're told there was person on that bridge that was throwing stuff. we're talking about debris, bolts, railroad ties, any kind of loose debris. over the pass hitting several cars some of that debris actually went into the windshield injured somebody we're told that person was treated on scene. luckily nobody was ser

but they expected -- has me to focus to make a decision so the aig wants me to have the accountability board. and as a director you are responsible for the overall health of the agency in the success of the mission. so to create a false positive i will be teaching every analyst the one thing they have to make sure to avoid is a false positive. and to have more true positives because if i skip over true positive but how

. >> black bear in the park the animal has been seen roam aig round fairmount park. where it's been spotted why wildlife officials think it's been hanging out there. >>> but we begin tonight with breaking news. a scary situation in university city. several cars left with shattered wind dose. what police say someone was throwing at drivers from an overpass. >>> good evening, i'm ukee washington. >> i'm jessica dean. >>> let's get right out to "eyewitness news" reporter david spunt live in university city with breaking details tonight. >> this is not part idea at all it was an idea that could have killed several people passing by. there is a bridge over me right now it's a railroad bridge csx pass. we're on university avenue right now. basically what happened we're told there was person on that bridge that was throwing stuff. we're talking about debris, bolts, railroad ties, any kind of loose debris. over the pass hitting several cars some of that debris actually went into the windshield injured somebody we're told that person was treated on scene. luckily nobody was s

aig is facing sustained pressure from activists to shrink. is the subject of a negative research report. that's according to people familiar with the situation. the investment management firm says it holdings are undervalued. was it was overvalued. business flash update. scarlet: "what'd you miss?" north korea's most important political meeting and 36 years. the congress starts tomorrow and along with choreographed pageantry, look for some new policy decisions. joining me now is the founder of geopolitical futures. kim jong-un is expected to announce rolling back the military first policy of his late father. are the younger kim's priority here? one, he's trying to industrialize the country, but it's a 1950's sort of attempt. nuclearr is to use capability. pursuinghow does nuclear capability advance their economic development? : there's a synergy between them because the technology you have to develop frequently works elsewhere, but it is a limited synergy. sure they havet the technological capability to do this. it depends how you define it a

this indicates shares getting sold up after aig sold their billion.$1.25 they sold a fairly hefty stake there. they reached $1.25 billion. the price the sale toward the lower end of the range. mean, that is one market story. but when you look at the regional benchmark, a lots of it has to do with the financial sector. asia is looking like this and at the moment, most stocks are on their way up. most volumes are fairly light. .5%.alia is up south korea is up and for the this group is attempting to get out of the day-to-day slump we have seen in the saudi and asia equities. we have three days to go, but it is a flat day here in asia so far. manus: david, thank you very m uch. for thosee waiting hsbc numbers to come through. it is a busy day. we have a host of bank details to come. joining us now is the managing director of research at our capital. we are waiting for hsbc to set the tone for the globe. i went through the league tables. what can we expect for this region? >> we can suspect a financial drop in earnings, about 30% or so. we started to see cracks in the system in the third and

among the highlights aig, pfizer, cbs, time warner, and burke. back to becky in omaha with warren buffett. becky. >> andrew, thank you very much. again, warren buffett is here this morning. we're spending the entire show with him. we get a lot of time to talk through the things that have been happening in the news. i thought we would start with a few headlines. there was a new poll released that showed that slightly more britains would prefer to leave the e.u. than stay in it. it comes after president obama went and sort of made a plea for why he hopes that britain will stay in the e.u., and this is something that a lot of people are kind of concerned about. what do you think about the entire situation? >> i hope they stay in. i don't think berkshire or actually the future -- going to be dramatically changed by what the brits do, but i think certainly if i were to vote i would vote they stay in. >> in the past when we've talked to you about the e.u. as a concept, you offered some criticisms and some surprise that it's lasted as long as it has. or

likey ever saw anything aig coming down the pipe.n that youling will be less likely to designate arer firms that systemically important, at least until the appeal is resolved? jack: we have only designated a few firms. we are using this authority in a very careful way, each one is reviewed on its merits, and is analytically driven. enormous been an inventory of cases to be brought. but that is not the case, we are taking actions as needed, and we don't look to take action for the sake of taking action. >> will you name managers that are systemically important? ago, weout two weeks issued an fsoc statement about management returns. it will mostly increase our visibility, the transparency, so we can the weather there is a risk that involves more action. it was a well thought through statement we put out, and a report is now underway to implement that. but it is premature to talk about that. what we put in that statement reflected what we want right now, which is visibility. alix: that was an exclusive andrview between bloomberg u.s. se

the highlights aig, time-warner, cbs, al alibaba. >> chelsea and tottenham, they play.are you going to be watching? >> yes. and the foxes, 5,000-1. tonight, if tottenham fail to beat chelsea, the crown will be theirs. >> if you don't understand what's going on in football, go online. there's lots going on online explaining how little old llie chester could run off with the title. >>> good morning. global market alert. the yen hits a new 18-month high against the dollar overnight, and japanese stocks plunge. >>> halliburton and baker hughes calling off their planned merger, following regulatory hurdles. >>> and payday. yahoo discloses how much ceo marissa meyer will take home if she leaves the company. ♪ >>> good morning, and welcome to "worldwide

aig reported lower than expected profit for the third straight quarter as weak returns from hedge fundncome. and metrics showing improvement from caught cutting moves and restructuring announced last year. down 3.25%. peter hancock will be on "squawk box" at 9:30. >>> and anadarko posts smaller loss. the lowest dividend shedding more than $1 billion in assets. >>> shares on ondeck capital set to open at record low after reported weak first quarter results. the company has guided 2016 revenue well below consensus saying it's selling fewer loans through on deck. >>> we got other stocks to watch. a jury in st. louis has ordered johnson and johnson to pay $55 million to a woman who claims ewing the company's talc powder caused her to get ovarian cancer. the company is facing 1200 lawsuits relatesed to this product. the company does plan to appeal. >>> community health systems first quarter results falling well short of forecasts. the hospital operator reporting a decline in admissions last week. community helped spin off several hospitals into a separate company. tenet health care spun int

joe: aig is due to report first-quarter earnings in this hour.le to return cash to investors to counter carl icahn's demand to rake of the company? bloomberg television gets a rare sitdown with neil ferguson. we begin with our market minutes. it was quite a rally today. it started off relatively slow, bu

if you look at aig and lufthansa group, the other two big group, they're airline revenues are much weaker's probably because of its capacity growth was tighter. so they'll equate the supply and demand. if you limit your supply, then your pricing does a little better. in terms of the outlook, you mentioned they haven't changed their outlook. they're the only one of those three big ones in europe that actually hasn't got a target. they're uncertain about the outlook. and they're saying the benefit of lower fuel prices which all airlines are benefitting from this year will largely be eased out by lower pricing. they're cautious about pricing for the rest of the year. >> how much overcapacity do you think that they and in general in the industry is dealing with? >> that's difficult to give you a precise answer. but there's certainly been an increase in capacity growth into this summer, compared to last summer. if you look at capacity data, there's probably growth about 8% across all european markets, both long haul and short haul, in the current summer. and that compares with growth of about

on sunday night at 9:00, afterwards, a washington post reporter discusses how a former aig ceo revivedpany after the 2008 financial crisis and helped it to become profitable again. he's interviewed by bethany mclean. >> he was the only person that this was possible, essentially. i mean, the government didn't think this is going to happen. the country certainly didn't think it was going to happen; they were ready to sell it for spare parts. certainly the american people have no expectation this would happen. that idea that he was a little crazy -- you have to be a little crazy to take this on, and he was the right kind of crazy. >> go to booktv.org for the complete we can schedule. voters go 23, british to the polls to decide whether or not they will leave the european union. prime minister david cameron is campaigning for continued membership in the io. at a hearing of the british liaison committee, he talked about the possible effects of that vote on the british economy of foreign relations. this is an hour and a. -- hour and a half. >> call to order. thank you very much >> order, ord

when you see big financial institutions like aig face up to activist shareholders pressure.eek mr. paulson's been added on to the board there. do you have a fear you could be next. >> >> we continue to do our strategy. and director got elected by 94, 98%. think the shareholders understand the strategy. that is large company and we continue to make progress. little more to go to get to the threshold level and we'll get that done over the next couple of quarters if you look at the way it will play out. >> brian moynihan ceo of bank of america. and sara the shares are still down 14% year the date despite the rally since mid february. mr. moynihan telling me he's never saling shares, continues to take a hundred percent of bonus every year in stock. he's happy with it. >> vote of confidence. >> top trending stories today. mcdonald's giving fresh beef a test run in 14 dallas locations. the company's signature sandwiches the bacon clubhouse and double quarter pound we are cheese will be made with freshly ground beef replacing frozen patties. a change for mcdonald's perhaps. they co

and this weekend peter marks will remember the career of the ceo who turned aig around during the height of the financial crisis. >> guest: he was the only person who thought this was possible, essentially. i mean, the government didn't think this was going to happen, the company certainly didn't think it was going to happen. they were ready to sell it off for spare parts, and certainly the american people had no expectation that this was going to happen. so that idea that he was a little crazy, i mean, you had to be a little crazy to the take this on, and he was the right kind of crazy. >> "after words" airs on booktv saturdays at 10 p.m. and sundays at 9 p.m. eastern. you can watch all previous programs on our web site, booktv.org. >> coming up on c-span2, next "the communicators" with fcc chair michael o'rielly. then a panel on cybersecurity. after that a look at america's water supply. at 11 a.m., a discussion on hate speech and campus speech codes. >> c-span, created by america's cable television companies and brought to you as a public service by your cable or satellite provider. >

on "after words," peter marks talks about how the late aig ceo reviewed the company after the 2008 financial crisis. and iowa net gordon-reed and peter to enough discuss the intellectual maturation of thomas jefferson. plus, a history of jerusalem through its contemporary architecture, a look at how a smallpox outbreak in boston in 1721 led to the early use of inoculations against the disease. and we talk to local authors and visit the literary sites of san bernardino, california. for the complete television schedule, go to booktv.org. booktv, 48 hours of nonfiction books and authors. television for serious readers. .. city is called the inland empire with a population of 200,000 people. founded by mormon pioneers in 1851 san bernardino would go on to become a major hub for the santa fe railway and in 1940 become the birthplace of mcdonald's was with the help of time warner and charter communications cable partners for the next hour, we explore the history of the city with local authors. on december 2nd, and opened fire killing 14 people. and to build a permanent memorial to honor the victim

have been benefactors if you will, and hank greenberg's case against the government relating to the aiguptcy case was paid for in part by some of his friends including ken lan gone, t of ho depot. so there is a history of this, and the finance litigation world that does participate in some of these cases, but this is a huge revelation, and now the big question is how this is going to be part of or whether it is part of the gawker appeal which is of course forth coming. they are trying to make the $140 million jury award come down if not overturned entirely. >> and andrew, normally, the financed litigation-type investments are hedge funds or other types of the alternative investors who get a piece of the potential outcomes, and i wonder if this is a gift to hogan or a cut. >> well, we understand that it is to cover the expenses, though, am doing the additional reporting to try to understand the full extent of it. there are ndas and the other agreements put in place, and i will tell you that we have within working on this for some time, and the reporting has been ve very, very difficult t

he were enter to remove the hook the shark started traffic aig round in the kayak. >> the one thing die go of the line too soon. i really want to do mace the head in the front of the well and what happened was the shark came back and charged at my body and my seat. >> he said it came less than i from biting him. the shark jumped back in the water. >> more than 56 million americans suffer from sort of hair loss option to combat it can often be costly not to mention painful now doctors are test agnew option. it's offering new hope forgetting full head of hair back without any drugs or surgery. here's fox's tom johnson. >> reporter: this is a big day for jenkins he's about start changing something about his appearance that kind of nags him. >> as you can see, i have a little bit of receding hairline, and as i've gotten older it continued to recede little bit more. >> reporter: this day he becomes part of a nationwide study. something called platelet rich plaza therapy. >> it's a non-surgical three minute procedure to facilitate hair growth. >>> you may have have prp befo before. golf sun p

he discusses how aig after the financial crisis and helps theme be profitable again. >> he was the only person who thought this was possible, essentially. i mean the government didn't think this was going to happen. the company certainly didn't think it was going to happen. they were ready sell it off for spare parts and the american people had no expectation this was going to happen. so, that idea that he was a little crazy, you had to be crazy to take this on. he was the right kind of crazy. >> go to booktv.org for the complete weekend schedule. >>> now the church committee 40 years later. this is american history tv, only on c-span 3. >>> welcome to real america on c-span 3s american history tv. 40 years ago in the wake of watergate, the united states senate created a committee to look into the activities of u.s. intelligence services. they had a long official title. the senate select committee to sfud di-

it creates an independent consumer protection board, and so an aig can't go $170 billion into debt.rictions on irresponsible actions that caused us the problem in 2008, and also requires that if a big bank gets into trouble, it's put out of the business, and any debts that have to be >>> rocks fly. police hit at a trump rally. let's play hardball. good evening. i'm chris matthews. tonight american politics is heading to a boiling point. donald trump was quick to jump. >> she had a little bad news today, as you know, from some reports came down weren't so good.

it creates an independent consumer protection board, and so an aig can't go $170 billion into debt.actions that caused us the problem in 2008, and also requires that if a big bank gets into trouble, it's put out of the business, and any debts that have to be >>> tonight. >> a small insecure money grubber who doesn't care who gets hurt so long as he makes a profit off it.

you were somebody correctly identified problems at ge around aig. this is not a political thing.umbers and finance is hard work. it is your business. looking inside of this i started to go through your reports. you have 40 reports you will be releasing. one thing that jumped out at me, but one of the biggest, bill clinton paid himself and collected payments from something called laureate, $15.5 million. >> in a foundation, you're not actually allowed to mix for-profit work with non-profit work. you're not strictly allowed to do it. bill clinton from beginning taking payments from donors and speeches, hillary clinton taking payments and speeches for business activities not disclosed in the financial filings from the foundation the way they need to be. last week "the wall street journal" had a big piece about a $2 million investment was a private deal arranged through the global initiative. this is a far bigger thing. this is a multibillion-dollar deal that was in trouble, agreed to prop itself up by hiring bill clinton as chancellor for the for-profit system globally. melissa: sou

he talks about the former aig ceo benmosche revived the company after the 2008 financial crisis and how the company became profitable again. >> he was the only person who thought this was possible essentially. i mean the government didn't think this was going to happen. the company certainly didn't think it was going to happen. they were ready to sell it off for spare parts. certainly the american people had no expectation this was going to happen. so that idea he was a little crazy, you had to be a little crazy to take this on. he was the right kind of crazy. >> go to booktv.org for the complete weekend schedule. >>> up next here on c-span2 conversation on genetic engineering and synthetic biology. we'll hear from scientists working on glowing plants, hornless cows and 3d bio printers. they discuss the ethics altering human embryos and gene-altering technology.