Financial News from Power Lunch from 5/13/2009

Home Depot, Incorporated (HD) Discussed on CNBC's Power Lunch

Home Depot, Incorporated is in the news. Find out how this impacts HD trading on Ockham Research.

How the close goes, especially given the money that we've seen flowing into early this morning. The treasury market we saw a big run-up in terms of the movement into treasuries. >> and as you look at some of the leaders, except for HOME DEPOT, a lot of the pharmaceuticals doing well. That classic defensive play >> chris, thanks for being with us today. >> my pleasure. >> come back and see us.

“… e pharmaceuticals doing well. That classic defensive play >> chris, thanks for being with us today. >> my pleasure. >> come back and see us. …”

MetLife, Incorporated (MET) Discussed on CNBC's Power Lunch

MetLife, Incorporated is in the news. Find out how this impacts MET trading on Ockham Research.

>> superintendent dinallo. Runs the insurance regulators of he's up on all of that, isn't >>> here's the power pay. Insurance stocks, lincoln financial, MET LIFE, hartford financial, progressive, here is a glance at the insurance index. Down 11.7% year-to-date, by the and that's off its lows. >> gosh. >> back to that march 9th low

“… -date, by the and that's off its lows. >> gosh. >> back to that march 9th low …”

The Hartford Financial Services Group, Incorporated (HIG) Discussed on CNBC's Power Lunch

The Hartford Financial Services Group, Incorporated is in the news. Find out how this impacts HIG trading on Ockham Research.

>> superintendent dinallo. Runs the insurance regulators of he's up on all of that, isn't >>> here's the power pay. Insurance stocks, lincoln financial, met life, HARTFORD FINANCIAL, progressive, here is a glance at the insurance index. Down 11.7% year-to-date, by the and that's off its lows. >> gosh. >> back to that march 9th low

“… -date, by the and that's off its lows. >> gosh. >> back to that march 9th low …”

American International Group, Incorporated (AIG) Discussed on CNBC's Power Lunch

American International Group, Incorporated is in the news. Find out how this impacts AIG trading on Ockham Research.

Of the oversort of arching issues of our industry, bringing products quickly, but not federal regulation of insurance. >> let's go to the derivatives issue. That's part of the AIG problem. What do you think of the cftc being the guard dog in the clearing and the trading of these derivatives? Are you happy with that type of an organization which understands futures and

“… and the trading of these derivatives? Are you happy with that type of an organization which understands futures and …”

American International Group, Incorporated (AIG) Discussed on CNBC's Power Lunch

American International Group, Incorporated is in the news. Find out how this impacts AIG trading on Ockham Research.

I've been a proponent of some standardization, but the one thing that i'm steadfastly against is that it be optional. We should not have this choose your regulator philosophy that got us in trouble. AIG was able to choose the office of thrift supervision as its holding company regulator by

“… as its holding company regulator by …”

American International Group, Incorporated (AIG) Discussed on CNBC's Power Lunch

American International Group, Incorporated is in the news. Find out how this impacts AIG trading on Ockham Research.

If it's insurance, it ought to have similar insurance capital rirpts. If it's a derivative of something else, it ought to have similar capital rifrmts. AIG's financial products ss division was able to do replicated activity with essentially no capital that's a large form of what got us into the problem. But I think that it's okay to

“… t's a large form of what got us into the problem. But I think that it's okay to …”

American International Group, Incorporated (AIG) Discussed on CNBC's Power Lunch

American International Group, Incorporated is in the news. Find out how this impacts AIG trading on Ockham Research.

We get them from regulators and from the fed. >> and mr. Liddy also telling congress that, barring another major downturn in the economy, AIG does, in fact, expect -- does not foresee needing any more government money. >> hampton, thank you very much joining us now eric dinallo is back with us now the superintendent of the new york state insurance department. >> hello. >> boy, so many things to talk with you about here. First of all, the AIG hearings. I know you're in favor of sort of a superregulator for the insurance industry to be lumped in with some of the other is that going to help solve the problems that we got ourselves into with the way AIG was choosing its own regulator? >> I think that we should have a sort of a superrisk regulator who would go through and do some of the very same things we were talking about. And maybe the 4:00 p.M.

“… ing us now eric dinallo is back with us now the superintendent of the new york state insurance department. >> hello. >> boy, so many things to talk with you about here. First of all, the AIG hearings. I know you're in favor of sort of a superregulator for the insurance industry to be lumped in with some of the other is that going to help solve the problems that we got ourselves into with the way AIG was choosing its own regulator? >> I think that we should have a sort of a superrisk regulator who would go through and do some of the very same things we were talking about. And maybe the 4:00 p.M. …”

American International Group, Incorporated (AIG) Discussed on CNBC's Power Lunch

American International Group, Incorporated is in the news. Find out how this impacts AIG trading on Ockham Research.

Taxpayers and reorganize itself. Also, executive pay and bonuses, still a lightning rod with members of congress, especially now that we've gotten two different sets of figures. It now turns out that AIG worldwide has paid out something like $450 million in bonuses. The original number we got was 121 million. So lawmakers asked mr. Liddy,

“… in bonuses. The original number we got was 121 million. So lawmakers asked mr. Liddy, …”

American International Group, Incorporated (AIG) Discussed on CNBC's Power Lunch

American International Group, Incorporated is in the news. Find out how this impacts AIG trading on Ockham Research.

Hampton pearson is on the hill with more. >> hi, bill. So far two lightning rods in this oversight. Involving AIG and members of the first of all, democrats and republicans on the house oversight committee angry that congress is not getting the same look inside the inner workings of the now taxpayer controlled AIG that the fed and treasury now have. Listen to this exchange between congressman darrell issa and ed liddy. >> will you, given the same

“… inside the inner workings of the now taxpayer controlled AIG that the fed and treasury now have. Listen to this exchange between congressman darrell issa and ed liddy. >> will you, given the same …”

American International Group, Incorporated (AIG) Discussed on CNBC's Power Lunch

American International Group, Incorporated is in the news. Find out how this impacts AIG trading on Ockham Research.

Whichever exchange ends up doing it will be interesting now that the cftc will be the regulator on it apparently. >> right now drama on capitol hill. AIG ceo ed liddy has been in the hot seat for the past couple of the house oversight committee asking him what his embattled company is doing with bailout funds and how soon taxpayers can

“… what his embattled company is doing with bailout funds and how soon taxpayers can …”