There is no amount of higher loss absorbency that you could have put in or contemplated that would have prevented the meltdown of AIG.
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
Source
congress.govEditor's note · Context
McCarty emphasizes that AIG's collapse was due to supervision issues, not capital insufficiency.
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