Elizabeth Warren actually said...

"I understand all this."

"So the reason we asked this panel to come is that we wanted to probe that claim."

"So let me just get started here, I want to walk through this. I'm hearing you say that it is very likely that the American taxpayer will be repaid in full from AIG?"

"Right. Now you say in your written testimony, I've gone through your written testimony, you talk about not having the regulatory tools that you needed during this time period, is that right?"