12/09/2013
https://www.congress.gov...
"You are not pricing for the risk that the American taxpayer is absorbing."
"TRIA has served an important function in this market. It has given us certainty when we would not have had it."
"I appreciate--I am afraid I am going to be out of time here, but I really do have to say on this; this whole thing is premised on the fact that the U.S. Government will be called on to backstop if the..."
"But you are not pricing for the fact that under TRIA the U.S. Government is supposed to come back and collect for you."