i ask you, my friend, is hank greenburg getting high on his own supply?> it's honestly hard to talk about this issue on television, because you can't curse, and it's hard to talk about this issue without using all seven of the words you can't say. it's very important to know the loan rate that aig could have got if they had gone to the market, to the private market, that rate is nothing. it could have got no loan. it would have been forced immediately into bankruptcy, and it is aig, the reason we had to save it, the ugliest thing we had to do in the financial crisis, was the role they played in the entire financial system was they had backed up the horrible bets every other bank had made. so if aig went down, all of wall street would have gone down. they were the nerve center. what scared us about aig was that if they went down, goldman sachs went down, jpmorgan went down, everybody goes down. no one to loan them money, because they were at the center of the whole financial crisis, which was shutting down the financial system. now they come back and say w

aig may join a $25 million suit filed by former ceo hank greenburg. the suit argues the nature of the bailout. the u.s. took a 92% stake in the company and funneled thousands to aig's wall street clients deprived shareholders of cash. it also violated the fifth amendment which bans seizure of private property without just compensation. back to you. >> thank you very much. >>> christina loren keeps her eye on the sky for us and tells us about the forecast today. >> let's enjoy it. 24 hours. and then the rain comes in. really not expecting a lot of rain. what's going to happen is a cold front will come through and drop your temperatures dramatically between today and tomorrow. so if you wanted to hit the beach, you can promise it will spark a walk. today is your day to do so. things will not be as nice when you wake up and meet back here tomorrow morning. 39 degrees in napa. widespread fog this morning. drizzle out there as well. it won't last long. the marine layer swished to nothing by high pressure and that fog is through inland valleys creeping in t

. >> reporter: a $25 billion lawsuit has already been filed by aig's former ceo, hank greenburg. aig issues a statement tonight, saying under law, they must consider the suit. it is their obligation, in their words, to determine what's in the best interest of the company. i did ask to interview some of those aig employees, saying thank you america, diane, the company today declining our request. >> i bet that company gets an earful. thank you so much, david. >>> and still ahead right here on "world news," how many calories do you think are in this meal? can you trust what it says on the menu? we take these dinners to the lab, next. we know all your investments may not be with fidelity, but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious investors are choosing fidelity. n

it's hank greenburg who used to run a.i.g.ing back and saying if you let us run it -- we did let you run it and it made us have to bail you out. >> elizabeth warren said a.i.g. nearly crashed our entire company. it would be outrageous for them to sue. that's why it's important that she is in the congress. >> they purposely and blatantly put in front an asian guy black woman, white construction worker we're everybody. they're liars. >> my favorite ethnic group by the way is the construction worker. >> cenk: they said we're looking forward to tomorrow when we're going to sue you. >> by the way thankfully a federal judge has already ruled against this lawsuit saying: >> cenk: nah that was earlier. they're considering going further with the lawsuit, and again, it's some shareholders and the board is meeting to determine whether they are going to join the lawsuit. they would bring tremendous resource to say that, resources they have because we bailed their sorry asses out. ok, by the way lesson learned. remember that next tile. if

so the former ceo of aig, his name is hank greenburg spearheading the lawsuit against the u.s. he alleges the company's value was alluded in 2008. greenburg wants $25 billion in compensation from the government. the new york fed pointed out to "the financial times" that aig did have a choice, take the bailout or go bankrupt. that was really the choice that was there but that would have been catastrophic for the economy, which was already in bad shape and getting worse. star international, that's the company controlled by hank greenburg owns about a 9% stake in aig and gives it the power to force aig to consider this suit. aig's current ceo, robert mochier issued a statement saying aig paid back its debt to america with a profit and we mean it when we say thank you to the american people. at the same time the board of directors has fiduciary and legal obligations to the company and its shareholders to consider the demands served on us and responds in a fair, appropriate and timely manner. okay. while the board meeting is happening right now, carol, to decide whether aig will joi

like hank greenburg. >> old school. >> old school. >> i want to make this simple point. it is about very personal issues and this was very personal. >> our producer did a get job. ackman said, icahn could have crushed me and i was a nobody and he probably didn't think i would do anything. >> some people thinks it is the size of the wallet. >> it is the size of the brain. >> size can matter. >> that's about my ears. >> you hear better. >> part two of battle. right after this. ouncer ] you are a business pro. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. coming up "closing bell", christine

aig says it has an obligation to consider a demand by former ceo hank greenburg to join his lawsuit againstard is meeting later today. greenburg's suit claims the u.s.' $182 million bailout of aig deprived shareholders of billions because they took a 92% stake and imposed high interest rate as part of the package. >>> the fed is reportedly considering a plan to help big foreign bank avoid costly new regulations aimed at preventing derivative trades from being subsidized by u.s. taxpayers. "the financial times" says changes stem from the lincoln amendment included in the 2010 dodd-frank law. prohibits banks that have access to the federal deposit insurance or fed credit from acting as derivatives dealers. u.s. banks will still be able to trade some products like interest rate swaps, but under the current rule, foreign banks would be forced to move their u.s. derivatives activities off their books. >> we'll see where that happens. >>> apple is working on a cheaper iphone that might hit the market sometime this year. the "wall street journal" suggests the device may use less expensive material

. >>> and aig's board will meet to discuss former ceo hank greenburg's request that the company join a lawsuit challenging some of the terms of the insurer's government bailout. in a statement, aig says it has an obligation to consider a demand by greenburg. the company expects to make a decision in the next several weeks, and i saw -- the new york politician just talking about it yesterday, how dare you if you think about this. just what you would think after we talked about it yesterday morning. >> if you get a chance, david boyz, hank greenberg's lawyer, has a piece in "usa today" who talks about why the government -- not the government but that aig should do this. >> right. interesting that he went with "usa today." the broadest -- >> the broadest reach, right? >> he wore sneakers with suit. he says, took the company, 80% of the equity, without any compensation. and he says that -- he says the government recently admitted that they took aig's equity not as compensation or collateral for the loan but to "punish aig shareholders" for letting the company ibm a victim of the 2008 liq

this lawsuit was filed by shareholders of aig including the former chairman, maurice hank greenberg. greenburgt was, that is until risky loans that it backed with exotic products nearly toppled the company, the u.s. banking system and earth. greenberg lost a lot of money aas aig's value plummeted. hank greenberg and several other shareholders of aig brought the lawsuit in 2011, against the federal government, claiming the terms of the loan were unfairly harsh and aig now run by a new management team and a new ceo has a fiduciary responsibility to its shareholders to look at the lawsuit and decide if they will join it. joining the lawsuit would be a funny way to thank taxpayers for the loan. most people think aig simply won't do it. on the money menu, ten banks accused of hurting home owners while foreclosing on their homes agreed to pay out to settle claims against them. the banks include bank of america, citibank, wells fargo, and others. this is how the settlement breaks down. $3.3 billion in direct payments to borrowers, another $5.2 billion to modify loans. or take other measures 3.8 milli