they were concerned not about their ability to hammer hank greenberg, but more about the cross-examinationt would have happened once his lawyer got to take over talking to hank. sources are telling fox business that the justice department is worried greenberg's attorney, david boies' questioning of the former exec could perhaps erode their defense which they believe is pretty strong right now. is that a wise strategy? where does this case stand, and you should be immensely interested in this, it is your tax dollars that bailed out aig and subsequently goldman sachs and other banks that had, of course, system you can reaction to all of that. as greenberg is attempting to recover $40 billion in damages, resulting from shareholder losses -- he's the largest shareholder -- joining us now in a first on fox business interview, columbia law school professor john coffey along with former federal prosecutor doug burns. doug, you're the prosecutor who's tried a lot of cases on behalf of the government here. why do you believe hank greenberg was pulled from the government's witness list? they had him

we'll have much more on my exclusive details on the hank greenberg trial. hank and his current company star versus the us government. did they unfairly bail out aig when a better idea could have been had by mr. greenberg. he's expected to, yes, testify as soon as thursday. it's a fox business exclusive. we get reactions from our super smart panel "after the bell." $21. could something that small make an impact on something as big as your retirement? i don't think so. well if you start putting that towards your retirement every week and let it grow over time, for twenty to thirty years, that retirement challenge might not seem so big after all. ♪ liz: on friday david and i saw records. here we are on monday, we see records again. david: although again, not lot l o convion.i oo a 2 28-tpo gint on tnh tee do t's gt'so toicoleic poetleallido new yorw yorock k orchgech.ange talk talk tal thet newt newn in ectingsewsew iew .alleettre nultsultsu tththsidenh as a a n wa tog rul rateulhe thenterernn >>>>ht.f. f waseally r rer iesnterg. yo rullyll s a direct correlat

this is insurance giant hank greenberg, the man at the center waits as his side launches the final rebuttal in the 40 billion lawsuit he filed. charlie gasparino in what's next in this historic case. let's start the "countdown." good afternoon, everybody. the dow just turned negative. it's been positive much of the session. we're watching that. we need to tell you that less than 100 hours until black friday and the stand off at the west coast ports where dockworkers unload a lot of stuff you want to buy for the holidays remains unresolved. the slow down is causing everything from electronics to christmas trees stuck on trucks waiting to arrive in the united states. this is a story that fox business has been trying to flag you guys on from the beginning because it's extremely important for retailers whose stocks you might own. here with me now, fox business reporter dan springer. dan, neither side in this labor dispute is budging, but could the slow down lead to a full stoppage or full on strike? we seem to have a technical difficulty. the shot is frozen. we'll see if we can get that. there

what they didn't do was take hank greenberg's calls according to what we heard from the trial. hank greenberg was not ceo at that point but largest shareholder said, i could have gotten bailout money from private sources ie, china or singapore. >> but he didn't get it. maybe -- >> didn't have a chance. >> i'm sorry? >> he didn't have the opportunity. he didn't have a chance to? >> what do you mean he didn't have opportunity? why didn't he say i have china on the other line and itch $80 billion i'm going to be able bail out aig? i find it repulsive that a company almost brought doesn't entire global financial system is now retro arc testifily complaining about a bailout that they voluntary took. perhaps they are pulling hank from the stand because they don't want shine a spotlight on overreaching powers of federal reserve, forcing onerous interest rates and forcing an equity stake in aig but the whole then stinks all way around. liz: move on to the "walking dead." from the walking situation in d.c. "the walking dead" dominating one viewers attention. it is television's most popu

hank greenberg says aig did not want the treasury's money and could have gotten a better deal elsewhere story, and breaking right now new, exclusive details on why the government won't be calling greenberg as a witness most likely. who stands to win this case? a very tough former federal prosecutor as well as one of the smartest legal minds

hank greenberg? >> i think the government might win this. you think real quickly. >> the government but better one for hank than you would have thought. liz: sympathetic judge. emails showed that general motors ordered half a million replacement ignition switches nearly two months before revealing or telling the government its cars should be recalled because the switches in them were defective. adam shapiro, you're the real car guy here. this story that the dribs and drabs of information is disturbing. >> it is sis you are turking and another black eye for general motors. it is not uncommon for a company to do preorder before a recall. it talks about urgency to ramp up production by delphi. mary barra doesn't take the reigns until january which this email came out in december, did she know what was going on and was she briefed about it? it was still two months before the recall. liz: that he she was head of parts, brian. >> i don't believe anything gm. full disclosure ever since muffler fell off my 87 monte carlo i have been mad at gm. that

there is a major lawsuit, as you know, going on by hank greenberg, who was a great aigiot and who was head of until shortly before all of this, who thinks that the government violated the constitution and basically misappropriated $40 billion, and he is suing for that. he is going against two other countries with similar actions and i think he might have a chance here. -- the humaninutes is that we have left, let's go to you and your legacy here. minutes that we have left, let's go to you and your legacy here. is to sign to the education committee. there was a vacancy there. i am happy for that because obviously affects everyone and it is important. because just a few years we had gone to the volunteer army and had trouble recruiting people, and i felt, would not it be a good idea if we had student loan forgiveness in exchange for people serving in the armed forces or the reserves? the discretionat of the different branches of the reserves and of the military. if they needed someone they could offer that as an incentive. i introduce that in the subcommittee and everybody voted against

there is a major lawsuit as you know going on by hank greenberg ho was head of aig until shortly before all of this. they misappropriated $40 billion that he is suing for. he is one against two other countries in a similar actions. he might have a chance here. >> let me go from the big issues you and your legacy here. when you look back across your career, what you proudest of having been involved with? >> one is a small one. i was assigned to the education committee. there was a vacancy there. i was happy for that. that is something that affects everyone and it's important. i put in a bill because we had just few years before going to the volunteer army we had trouble recruiting people. i thought what if we gave the student loan forgiveness in exchange for people being in the armed forces or the reserves. if they needed someone, they could offer that as an incentive. i introduced in the subcommittee and everybody in voted against it. they did not say it was a bad idea. they said where an education committee in this has to do with armed services. t's the national congress. we are suppos

melissa, we've got a massive number of stories, but exclusive breaking news coming up on the hank greenberg government trial. the former chairman of insurance giant aig is on the witness list to testify in his 40 billion suit against the us government bailout for this week. grenberg claims he and aig people were forced to take unfavorable bailouts during the financial crisis, but now we learn about a key development that could change the outcome. whether speed should have its privileges. today, president obama weighing on the hotly debated topic and it's causing from cable providers

liz: for the past two days fox business has owned this story hank greenberg was first on his way to washington.c., to testify in the historical case that gets to the core of what really went down during the height of the financial crisis with bailouts using taxpayer dollars. the former ceo eventually saying he got the short end of the stick and he has filed $40 billion lawsuit to make things right. greenberg is suddenly now back in new york. here now to pick up the story. >> the case is a government did not have a totally take over aig, wip wipeout all shareholder value, they could have extended maybe a small loan, it did not have to wipe us out because as a big shareholder of aig, i could have gotten financing from china like goldman sachs got financing, aig shareholders including greenberg because he was a major shareholder in time would have been spared an immense amount of dilution went into her stake was almost all wiped out. he is saying the government took over aig because it wanted to use aig as the vehicle to bail out the rest of the system and in that case aig shareholders suffered m

you can decide to be at and more breaking news, we're working on it right now involving hank greenbergow narrowing the window according to sources when he might be called to the witness stand and what will the strategy be. have some breaking news coming up in just a minute on the $40 billion bailout. melissa: look forward to it, thank you so much. looking for ae-of-a-kind gift for those with a bottomless wallet? wallet? and most outrageous holiday gifts, plus find out the one at the top all of the famous breakups as most expensive in the u.s. ever. you can never have too much money or lawyers. they challenge us. they take us to worlds full of heroes and titans. for respawn, building the best teractive entertainment begins with the cloud. this is "titanfall," the first multi-player game built and run on microsoft azure. empowering gamers around the world to interact in ways they never thought possible. this cloud turns data into excitement. this is the microsoft cloud. melissa: weather is on wall street or main street, here's who is making and losing money today. continental resources c

business has just learned that the window for exactly when former american group chairman and ceo hank greenbergill be pressed by government attorneys in the $40 billion case. that window has just been narrowed. yesterday we said thursday or friday. we hear it's now friday, when he will appear. sources close to the matter tell fox business exclusively that once greenberg takes the stand in washington d.c., government lawyers will specifically press greenberg to outline what type of private market solutions he had at the ready, as the insurance giant faced a massive liquidity crunch during the 2008 financial crisis. fox business has learned that lead government attorneys will work to-- pardon me, poke holes in greenberg's assertion that he had the ability on short notice to cobble together a private equity bailout of the help of foreign sovereign wealth funds instead of using taxpayer dollars. the sovereign funds in question, sources say, are the sovereign wealth funds of china and singapore. government layers may press greenberg's statement during the crisis that aig was in bad shape. the landma

there is a major lawsuit as you greenberg on by hank aig untilad of shortly before all of this. they misappropriated $40 billion that he is suing for. he is one against two other countries in a similar actions. he might have a chance here. issuesme go from the big you and your legacy here. when you look back across your career, what you proudest of having been involved with? one is a small one. i was assigned to the education committee. there was a vacancy there. i was happy for that. that is something that affects everyone and it's important. bill because we had just few years before going to the volunteer army we had trouble recruiting people. i thought what if we gave the student loan forgiveness in exchange for people being in the armed forces or the reserves. if they needed someone, they could offer that as an incentive. i introduced in the subcommittee againstybody in voted it. they did not say it was a bad idea. where an education committee in this has to do with armed services. it's the national congress. we are supposed to be working on national issues. so i introduced