Political Quotes

Kevin McCarty: “There is no amount of higher loss absorbency that you could have put in or contemplated that would have prevented the…”

On the recordApril 28, 2015
There is no amount of higher loss absorbency that you could have put in or contemplated that would have prevented the meltdown of AIG.
Said by
Kevin McCarty
California

Editor's note · Context

McCarty emphasizes that AIG's collapse was due to supervision issues, not capital insufficiency.

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