One of the most visible examples of the recent economic crisis, was the U.S. government’s investment in American International Group (AIG). On Ringler Radio, host Larry Cohen welcomes Mary Jane Fortin, president and chief executive officer of American General Life, to discuss how AIG is going about repaying the government. Mary Jane talks about AIG’s strategy and the progress being made and takes a look at American General’s financial strength, structured settlements as a financial part of the portfolio of American General and how the company is performing since the crisis.
President Obama recently signed into law the Restoring American Financial Stability Act of 2010, better known as the Financial Reform Bill. This new legislation is aimed to crack down on the excesses of Wall Street and corporate America by overhauling banking and Wall Street regulations. Attorneys and co-hosts, J. Craig Williams and Bob Ambrogi welcome Attorney Martin E. Lybecker, a partner in Wilmer Hale’s Regulatory and Government Affairs and Securities Departments, to discuss the latest on this legislation. They look at the new financial reform law, the role of the Consumer Financial Protection Bureau and how this new legislation impacts the banking industry, businesses, law firms’ workload and consumers.
With outraged taxpayers reeling from AIG bonuses awarded to executives after a bailout, the question of executive contracts comes into play. Join Law.com blogger and co-host, Bob Ambrogi as he welcomes Franklin G. Snyder, Professor of Law at Texas Wesleyan University School of Law and editor-in-chief of ContractsProf Blog and Professor Deborah W. Post, the interim dean for Academic Affairs and Faculty Development at Touro Law Center, as they take a look at how the AIG case will provide precedent going forward and maybe even change the future of contracts.