intermezzo, like most sleep medicines, has some risk of dependency. common side effects are headache, nausea, and fatigue. so if you suffer from middle-of-the-night insomnia, ask your doctor about intermezzo and return to sleep again. and in the big finish tonight, it s been over four years since we faced near economic collapse. the ripple effect is still being felt at kitchen tables across this country. and yet not one high level wall street executive has gone to jail. and no one is being held accountable for what led to america s financial meltdown. the pbs series frontline has a new documentary out investigating wall street s business practices. correspondent martin smith spoke with several mortgage industry whistle-blowers, folks that were working as due diligence underwriters well before the housing bubble burst. they got paid to assess risk, and yet when they came across
remember aig, the insurance giant whose risky bets during the financial crisis led to a $182 billion bailout? aig became the poster child for wall street greed when it was revealed they were paying top executives millions of dollars in bonuses. that prompted the following reaction from president obama back in may of 2009. this is a corporation that finds itself in financial distress due to recklessness and greed. under these circumstances, it s hard to understand how derivative traders at aig warranted any bonuses, much less $165 million in extra pay. now, in a move that is enraging lawmakers and administration officials, the company is considering joining a
when they are reckless wow. we have not had a single major banker go to prison in the wake of the financial crisis and i think there were substantial wrong doings. that s the truth, isn t it, sir? the financial crisis have devastated the lives of millions of people in this country. why hasn t one of them been held criminally responsible? that s a good question, and we ve asked that question many times in the oversight and government reform committee and we still haven t gotten a decent answer. i can tell you, martin, when i hear about some of the greed and the outright wrongdoing that took place on wall street, it is very painful because then i look at people in my neighborhood, if somebody stole a bike, a $300 bike, they go to jail. of course. now, you re the ranking member of the house oversight committee, of course. it s chairman, daryl isa, is famous for his witch hunts against the white house. how come you guys don t come up and open an investigation into this foreclos
views. we re seeing that also happening at the state and local level. jonathan capehart, sorry maria teresa, you can finish with a final word. when you look at a state like virginia where the governor is going to have to go out to that broader group where they re no longer just state legislators they re gerrymandering, he s going to pivot so the center and that s going to be curious. curious is one word. jonathan capehart, maria teresa kumar, thank you, both. next, we go to the white house. first, sue herrera. good afternoon, martin. here is a look at how wall street stands going into tomorrow s session. the dow lost ground finishing down 55. the s&p lost 4.75 and the nasdaq finished down 7 points. that s it from cnbc, first in business worldwide. we re back after a quick break.
that is caused all the problems. absolutely, why not? there are now some aig shareholders who are bringing a $25 billion suit against the government because they claim the terms of the bailout were too onerous. yeah. i guess they d have preferred bankruptcy instead of the bailout? well, the fact is that you know, it s funny. they asked for the loan. they were very grateful for the loan. we helped them get through this very difficult crisis, even when they kind of, you know, just slapped us in the face by going on these junkets and having a good time while my constituents were suffering and losing almost everything they had and then they turn around and do this. it is an insult to every single taxpayer in america. the atlantic ran a big expose on banks and the financial industry in general, and the author of that article appeared recently on morning joe, and here is what he had to say about curbing wall street greed. take a listen, sir. bankers have to go to prison