× The Vanderbilt Television News Archive is currently closed to in-person research. For the latest information about COVID-19 (coronavirus disease), visit vu.edu/coronavirus.
Search the Archive

Economy: AIG Collapse #938300

NBC Evening News for Friday, Mar 20, 2009
View other clips in this broadcast →

Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws. For any such use, please visit NBC NEWS Archives XPRESS.

(Studio: Natalie Morales) Report introduced.

(Washington: Tom Costello) The problems in AIG’s London office that led to the collapse of the insurance giant examined; details given about the role of London chief Joseph Cassano††; AIG’s losses cited. [“House of Cards” investigative author William COHAN†- comments on Cassano’s risky practices.] [Northwestern University Kellogg School of Management Russell WALKER†- says AIG didn’t understand anything about the origination of the loans.] [Former AIG CEO Hank GREENBERG††- says there were some foolish management decisions.] [Wednesday, current AIG CEO Edward LIDDY†- says the people responsible for credit default swaps are gone.]

Morales, Natalie;
Costello, Tom

Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.

Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.