05/06/2014
https://www.congress.gov...
"Taxpayers question what TARP accomplished when, on an individual level, their financial circumstances seem more precarious than ever."
"Well, maybe I should ask it with more specificity. Was Treasury aware of who the counterparties were that were going to receive payment in full on the credit default swaps when $170 billion went to AI..."
"AIG had people holding credit default swaps, and they took no haircut at all."
"So AIG has received about $70 billion in TARP money, about $100 billion in loans from the Fed. Do you know where the money went?"