that we find ourselves in this situation at all is, in my mind, and the minds of many of my constituents, quite frankly, sickening.
Public confidence in what we are doing is at stake.
During the fourth quarter of 2008, who represented the government's 80 percent ownership of AIG?
I think all of us wish we were here today instead talking about how to help those struggling to get by.
it effectively has the world financial system by the throat.
The Fed required AIG to give 80 percent ownership to the government as part of receiving a loan from the Fed in September.
Thank you very much, Senator Bunning.
The Fed is under the authority legally, as I understand it, to only provide resources to creditworthy companies.
Thank you, Senator. Those are good questions and ones we have spent a lot of time on over the last 2 years.
I just worry about this idea that we are going to exclude the possibility of poorer people becoming home owners.
lending decisions should not be made by political correctness or by government fiat or by a law or by regulation.