alix: hank greenberg taking aim at ben bernanke. they refuse his claims and his .ew book about the aig bailout scarlet: first we want to head to the bloomberg news desk with julie hyman for details. julie: lackluster is the way to sum up to this activity. what we have a slightly negative two. part of it is the waiting game that markets are playing. it is a very busy earnings week, but the proposed limits -- preponderance of volume is not here today. a fed meeting as well. investors are not expecting any change in rates, but nonetheless, you still have a little tiny miniscule that of suspense at least going into that meeting. we did have economic data today as well. purchase of new home slumping in september to attend month low. as he will see on the bloomberg terminal, you'll see the biggest month over month drop in these monthly home sales going all the way back to july 2013. this drop is the biggest since that point in time. the data that we have gotten so far this year has been pretty positive, so this is a little bit of an inter

betty: thank you so much. , staying with insurance companies, hank greenberg is not giving up on hisht to set the record straight about the aig bailout. he has some choice words for ben bernanke. ♪ >> live from bloomberg world headquarters in midtown manhattan, you are watching the bloomberg market day. i'm betty liu. mark crumpton has more from the news desk. mark: thank you very much alahoma judge has ordered psychological evaluation for a woman charged with driving her car into a homecoming parade, killing four and injuring others . she is being held on for preliminary accounts of second-degree murder. attorney says she is mentally ill. of also faces charges driving under the influence. belgium on high alert after a suspected attack or try to smash his jeep through army barracks. soldiersct fled after opened fire. they obtained the suspect after a manhunt with helicopters taking part in the search. catholic leaders from five continents have issued a 10 point appeal to negotiators in paris. this move comes after pope francis's landmark encyclical demanding urgent action on climate

for aig executives are joining me fox business network exclusive are former aig chairman ceo hank greenberghere talking about 2008, from your standpoint, hank one of the biggest stories of the finance minister crisis, is how the government acquired aig and charging the company 14% interest rates. >> yeah. >> tell us about that. >> it was outrageous i was out of the company then. maria: right. >> out ragous to, overreach the way they did. that the only do they charge 14 and one half% interest but acquired 79.9% of the equity, that is where we challenged subsequently, because there was simply wrong it was against all all the rules. maria: are and i challenged it david, and you won, the judge agreed with you that yes this was government overreaching you didn't get any damages for the tens of thousands of shareholders that hank green beg wberg was representing. >> congress passed this law allows looseness during the great depression 1930s, and it was designed to help companies and individuals who were in trouble because of financial crisis, and what congress said you can charge an interest rate

hank greenberg joining us. joining me to talk about what really happened at aig, and what it is different from what ben bernanke has described in his latest memoir. he will be joined by david boyd. you do not want to miss that interview. and the drugmaker defending its accounting practices morning. the stock keeps heading south. preparing for a future where growth will be the slowest in decades. and we have some breaking economic news right now on the housing market and new home sales just out. julie hyman as the latest details. 11.5%.falling this slump in september was a 10 month low. it also breaks with the trend we've seen more recently of a grouping housing numbers. sales make up a smaller portion --the martian then existing stock then existing sales. let's see if there's any reaction to the new home sales. a new mixeddy seen picture, and averages are many slightly in the red at this point in time to in terms of what is pushing us there, take a look at my bloomberg terminal. is the biggestgy drag. pretty su

coming up, i am going to be speaking with ceo hank greenberg at 10:00 a.m. eastern time.s that interview. ♪ scarlet: we are moments away from the closing bell, i am scarlet fu. alix: and i am alix steel. ♪ [closing bell] scarlet: u.s. stocks closing raisingday with the s&p higher than it has in one year. amazon and microsoft added more than $1 billion in market earnings. alix: so the question is, " miss?"you china is also combating a slowing economy. hurricane patricia is barreling into mexico. we are going to discuss the storm's implications. ♪ scarlet: the dow has closed at its highest level since

i asked hank greenberg, the former aig chairman and ceo, and he said, in the writer context it reallyre is what he said. hank: there is a reverse split and if you adjust for the reverse split, it has not moved very much. it speaks for itself. betty: and you can imagine, look, take his words in the context that he feels the company has never been the same without him there and he was forced out by eliot spitzer. to him, the company has lost a lot of its most valuable asset. scarlet: thank you so much, betty liu. alix: we do have breaking news concerning texas instruments. for more, let's get to julie hyman. texas instruments is in talks to acquire maxim. --log devices might be previously was reported that analog devices might be in talks with maxim. maximal received interest from abi. it mayng to our source, not be willing to sell unless it gets a very high offer. in stock has had a surge shares of maxim. .ou might imagine if you look at the maxim shares and how they are trading, we had a leg up of about 6.5%. do we have the maxim shares? let's take a look at those. we have a positive

you look at testimony in hank greenberg case which is sealed but i got my hands on it, they had no cluee pike until literally the last minute and they scrambled. neil: gary kaltbaum, the argument after the fact, this is where bernanke echoed this in prior speeches and conference and the like, look we were flying by the seat of our pants. we were melting down fast and furious. we were seeing what stuck. i'm sort of trivializing here. all of this qe and quantitative easing easing and buying up treasury notes and bonds and interest rates near zero today that was a means of propping up global financial system falling out of bed. in retrospect, do you think he was right? had he not done that we would be in deeper doodoo now? >> look i think there is no doubt something had to be done. he was guy who made the decision, but here is the problems. he is taking victory laps on a race that is not over yet and we have every economic statistic, every data point, every asset price based on 15 to $20 trillion of printed money. zero percent. neil: where would we be without that, guys? >> banking system

hank greenberg put the company together through a ton of acquisitions. property casualty insurance is very cyclical. the weather can ruin your earnings for the quarter, a year. his idea was to balance that with having a life insurance retirement product. since then, of course, we have learned the dangers of being so big -- the bailout -- betty: of course, right. dan: carl icahn talks in this letter about the increased regulation that aig's brings, and now split into three companies can reduce some of that. betty: because they are still considered systemically important, right? dan: that is right. betty: they obviously have a problem with that. what are we talking about when carl icahn is talking about splitting the company's? dan: the smallest of the morgan insurer, united guaranty. banks if mortgage holders cannot pay. they take on that risk. copies that have been in that business, many of them either collapsed or almost collapsed in 2008-2009. they subsequently had a resurgence. when housing is doing well or even stable, that can be a profitable busine

i wonder what hank greenberg would say, the very influential former ceo of aig who built that empire. i wonder what he thinks about the idea of splitting up into three companies? >> probably what he's doing is just smiling and saying we're trying to figure out how to add value to a company that i always knew had value, and had we had not had such problems with the government, it would have been worth even more. i'm not sure how they would split it into three companies. this is very much similar to what's happened with citigroup and the whole travelers thing. they argued he put that giant company together. and then had them preside partly over the dismantlement. >> as carl icahn said, it was too big to succeed, the phrase he used. >> let's get to sue herera. >> here's what's happening at this hour. house republicans have nominated representative paul ryan as their choice to succeed house speaker john boehner. afterwards, ryan said that the country is on the wrong track and change is coming to the house. the full house will vote tomorrow and is widely expected to easily vote ryan in. th

hank greenberg joining us.lly happened at aig, and what it is different from what ben bernanke has described in his latest memoir. he will be joined by david boyd. you do not want to miss that interview. and the drugmaker defending its accounting practices morning. the stock keeps heading south. preparing for a future where growth will be the slowest in decades. and we have some breaking economic news right now on the housing market and new home sales just out. julie hyman as the latest details. julie: