Aug. 6 (Bloomberg) -- Barry Ritholtz, chief executive officer of Fusion IQ, talks with Bloomberg's Julie Hyman in New York about American International Group Inc.'s second-quarter loss reported today, his recommendation of Western Union Co. and the outlook for the financial industry. AIG, the world's biggest insurer by assets, posted a $5.36 billion loss as writedowns tied to the housing slump wiped out profit for a third-straight quarter. (Source: Bloomberg)

00:00 AIG, Western Union, Fannie Mae, Freddie Mac

Running time 13:38

Last Updated: August 6, 2008 19:58 EDT