American Morning

Tune in at 6am Eastern for all the news you need to start your day.
March 18th, 2009
03:00 PM ET

We Listen!

Here’s your daily recap of the best feedback we got from YOU on the blog, Facebook, Twitter, and Email.

And new today: your voice comments! Call 1-877-MY-AM-FIX to leave us a comment/question. We will play some of them on-air and post others right here!

Continue the conversation below. And remember, keep it brief, and keep it clean. Thanks!

American Morning viewers were on the war path for AIG executives’ heads. Questions continued from viewers who remained perplexed by the idea that the company is too big to fail:

Voicemail

Emails

  • Michael – I find it hard to believe we don't know who these 70 plus people are. I can understand not finding Bin Laden, one person, but 70 + people???? Come on... this is not acceptable. If it's that hard, contact "Dog, The Bounty Hunter", I'll bet he could. What's being done to get their names besides having these hearings and asking these greedy, unpatriotic AIG Execs? Yea, unpatriotic, self-centered, scum. FIND These People and plaster their faces all over the news let the American people stand outside their home(s) and harass the hell out of them. Greedy bastards.
  • Jean – Maybe it's just my stupidity, but someone needs to explain to me why the banks failed or are failing, if AIG who insures the mortgage backed securities, has not been allowed to fail. I thought that it was the mortgage backed securities that caused the banks downturn, but now I find out that these are insured – by AIG. AIG has not been allowed to fail, so I don't understand how the problem escalates if the Government has covered them.

Blog Comments

  • Jordon – Retirement give me a break!!! The stock markets will eventually bounce back so for many American far from retirement this is not an issue. If you are close to retirement I heard the statistic that the average 401k lost around 6k. If that broke your retirement then you have bigger problems!!! Let’s address the elephant in the room – the facade of funding our Medicare program. At this rate my retirement will go straight to paying Medicare!!!
  • Jane – Taxpayers are angry and disgusted to hear what those extremely and shameless AIG CEOs did. At the same time, taxpayers have big fear for what happened. Why our government is always one step behind those greedy, shameless and immoral CEOs? All these news make me sick!!! If government had set clear rules before sent AIG a check of taxpayers’ money, it could have been prevented. Today we would not have to pay the extra money for this hearing! White House guy, work smarter is better than work harder! Government should be one step ahead of the greedy CEOs, not one step behind CEOs. If this was the case, we would not end in this economic crisis now!!!All these CEOs should go to the prison NOW!!!
  • Bill – Well, I must say you explained the bonuses. But it seems you forgot one important thing and that is they’re still losing money. So it would seem that no one at AIG is doing their job. They should have been fired. As far as who added the loop hole in the contracts, it could have been anyone of the money grubbers. The gov’t and these big companies have their hands in each others pockets. And now they have them in ours.

Facebook

  • Lisa Burgard – I can't understand why the govt is so upset since they have known about these bonuses from the beginning and voted for the compensation rule with the WRONG date (Feb 11, 2009)!!!! Doesn't anyone know how to proof read or what
  • Mark Duffaut – You guys have to be joking about AIG being to big to fail. I know that their are plenty of other insurance companies that will gladly pick up those policies. Look at what happened here in New Orleans when Allstate stop writing policies for home owners, other companies picked up that business.
  • Sylvester Port – I am a taxpayer and they are using my money so i have the right to know the names of all the people who receive these bonuses.The names should be on tv until we the american citizens choose to remove their names off the air.
  • Marian Wynn – I am wondering: Where were the "BAILOUTS" when the Cotton Mills, the Sewing Factories, and the Steel Mills were shut down?? We didn't do anything wrong to have all of our industry taken away. We received no retention bonuses or rewards for a job well done – only a pink slip. I know that none of these worshipers of Greed will ever comprehend what it means to lose their job, their home, their car. Since they own multiple homes and cars and have "retention bonuses" to get them through our hard times. I don't understand Obama's fixation with Geigner. Obama has inherited a horrible nightmare from bush and cheney. However, Geigner just does not inspire me with confidence at all. He is choosing people fro the same pool of failure that "caused" this catastrophe to "solve" this catastrophe. That is so wrong.

Twitter

  • bobsmom76@amFIX – No matter how creative people are – broke is still broke. You pay the bills that you didn't pay last month – first this month.
  • TSFMarketingPR@amfix – I want to see some swift butt kickin' action taken on AIG! They r corp. thieves that r stealing dreams and livelihoods from us ALL!
  • Joan_W@amFIX – Shame on CNN for putting a negative twist on the North Middleton, Penn bridge story. Surely journalists aren't that naive!
  • RiverAnn@amFIX – My family has scarificed alot so we can afford to eat,pay the rent, utilities,car insurance,no doctors,no medicine
  • ucyfir@amFIX – States should be allowed to borrow from Fed at .25% just like larger banks. SC governor shouldn't need to choose. state govs need $

Filed under: We Listen
soundoff (15 Responses)
  1. Barry Dueck

    Mark Twain once said, "History never repeats itself but it sure rhymes." Below is a quote from 173 years ago....Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves.

    ~ Andrew Jackson, 1767-1845, 7th US President, when forcing the closure of the Second Bank of the US in 1836 by revoking its charter.

    March 20, 2009 at 7:20 am |
  2. Anonymous

    Everyone is outraged over the bonuses the bailout companies are giving out, here's a thought, lets threaten to boycott them if they continue to gift out american taxpayers hard earned money. The fat cats deserve the same diet we are on.

    March 19, 2009 at 9:40 am |
  3. Ted

    Why doesn’t the Middle Class march on Washington? Why don’t we just stop paying taxes until Washington begins to work for the citizens of this country? That should get its attention. We citizens need to unite and form our own lobby and do everything necessary to get Washington’s to do OUR will. We need to show, not tell, Washington that we’re mad as hell and we’re not going to take it anymore. Washington doesn't give a damn if we're angry. It will if we take action to restore America to its former greatness.

    March 19, 2009 at 9:16 am |
  4. Heather Wolfe

    Again I say I am concerned the public anger , the lawmakers and the media reporting of AIG bonus's is inflaming a bad situation and perpetuating the anger. Remember there are many good people working at AIG and they must be be fearful listening to this daily attack upon them. The reporting should be more responsible and CNN programs should provide the American people with hope and not despair. Move on. There are many more problems you should be focusing on.
    Heather ,
    Toronto Ontario, Canada

    March 19, 2009 at 9:11 am |
  5. Chris

    CNN needs to cut it out with these viewer calls and emails. If I wanted someone who knows nothing what they are talking about answering questions for me, I will go ask some homeless people in the subway what they think.

    This lady in the Green this morning has answered questions and comments incorrectly numerous times. She called AIG “American INSURANCE Group”. You would think that a company with the amount of attention AIG has gotten, people on CNN would know the name of the Company. AMERICAN INTERNATIONAL GROUP, REMEMBER THE CORRECT NAME ALREADY.

    I loved her explination for why the US is supporting the company through bailout funds, because “it is mostly an American company”. Umm, it is incorporated in the United States. It is not “mostly” American, it is an American incorporated company. If you have no clue as to the corporate structure of AIG (or any idea of how corporate structures work in general), maybe you should not be providing false information to viewers?

    CNN needs to get rid of these uneducated people, and stop taking calls and emails from uninformed citizens. I turn on CNN to get “expert” views on topics, not to hear some lady who knows not what she speaks of running her mouth stating incorrect facts. The “experts’ that CNN has are few and far between now.

    March 19, 2009 at 8:58 am |
  6. Robert

    People in the government need to stop Twittering and start hold themselves and AIG accountable. Chris Dodd lies about putting in compensation protection for the crooks on wall street. The news has yet to report on the double pay AIG has given to banks who have received tarp funds already. That amount is to the tune of 30 billion. No one has been brought to justice or held accountable. Politicians move with the wind concerning this issue because they are getting money for re-election.Politicians new about these toxic assets and back dealings for years. But they thought the American people wouldn't care as long as things were fine in their personal lives. This was talked about for years on Capital Hill. This is so very sad. Maybe its best that the whole thing comes down in order to wake up America. If anyone has to be blamed for this mess, its we the people. After all, Americans half-heartily pay attention to what their government does. Wasn't it our acceptance of this culture of greed and self indulgence that lead us to this mess. These things went on for years and no one cared. Now all of sudden its boo hoo?

    March 19, 2009 at 8:40 am |
  7. m

    No, no you're not listening at all. Most of the Twittering I saw that appeared to be legit and not self promotion said "Bring Back Substance" enough with the national spleen venting. Bring back context. Bring back the NEWS.

    March 19, 2009 at 8:16 am |
  8. Rae Young

    Bankruptcy – AIG should have filed. Then we would have been able to legally negotiate contracts and get control over the money we loaned them. If Congress, the Fed or the President did not know about the bonuses, they "should" have. With the number of staff at their disposal and the amount of money we were spending there is no excuse for this to even be an issue. They were in too much of a hurry to spend our money with virtually no accountability. We need to stop baiing out these large companies and let the system work.

    March 19, 2009 at 8:14 am |
  9. Walt Blaney

    Chris Dodd's "mea Culpa" is so completly phoney...Nobody has taken more money from the insurance companies and banks than he has! It's not the first time he's rolled over for them either! After taking $330k in "campaign contributions" in in 1999, he flipped his no vote on the original banking and finacial reform package that led us into all this crap. He should be recalled, impeached, or in some way removed from the senate as he sure as heck isn't working for the people!

    March 19, 2009 at 8:05 am |
  10. leslie

    People are correct to be concerned that bailouts will lead to moral hazard. But we should be more concerned about corporate contracts that guarantee huge salaries and reward executives with outrageous bonuses regardless of the performance and consequence of their business decisions. More moral hazard is created when executives have nothing to lose from gambling with their company's solvency and other people's money.

    March 19, 2009 at 7:25 am |
  11. Paul Siminowski

    It amazes me to see how much anger is created when 165 million is payed out in contractional bonuses, but nobody bats an eye when 120 million is payed out for an inaugurational party. At least with the bonuses the government will get a big chunk of that back in income tax.
    Paul in Canada

    March 19, 2009 at 7:22 am |
  12. Ted

    It was great seeing Chris Dodd doing the "habida, habida, habida" when Wolf Blitzer cornered him on the "stealth clause". The day before, with another of your reporters Dodd said, "Absolutely not." What a lying crook! They're all crooks. You don't have to go to the post office any more to see pictures of crooks; you can see them in person on Capitol Hill. Now I read that the geniuses at Freddie Mac are getting bonuses. Where will this farce end? Our so-called "government" is a disgrace. They're just covering each other's butts. That's all that they're doing – Oh yes and protecting THEIR pensions. Oh what a tangled web we weave when we practice to deceive.

    March 19, 2009 at 7:15 am |
  13. Ron

    I'm from New Brunswick Canada and I watch every morning. two weeks ago it was the Big Three, now it's AIG. Meanwhile the rest of the world is hanging on. The US want to be be the moral standard for the world, well if auto companies or insurance companies can bring down the American economy, and by default the world economy, maybe yhe morals need to be looked at.

    March 19, 2009 at 6:34 am |
  14. teresa

    So the plot thickens,mr dodd should quit just like the aig ceos. CNN made him look foolish,how could anybody trust what he says or does now. Im sure there will be plenty of more names to come up yet,the plot will get thicker. Thanks CNN for being the peoples oversite since washington can't do it.

    March 18, 2009 at 11:59 pm |
  15. Eddie Thompson

    To solve AIG have all congress house and senate repeal their COL increase and the 169 million will be resored to the American Tax payers
    Has Pres Obama appoligized for allowing their COL increase in the new budget? I dont think he will.

    March 18, 2009 at 8:02 pm |