"Do you have any concerns about what this means? Now we are doing commercial real estate. Now we are moving on to second mortgages?"
"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?"
"I just want to make sure I'm following the timeline here."
"I also believe it is important for the Panel to ensure that officials involved in the TARP learn from what happened so that we are not doomed to repeat this process in the future."
"So then let me understand because actually our staff pulled out the OTS, your, Holding Company Handbook and it directs your examiners to conduct, and I'm quoting here, 'comprehensive assessment from t..."
"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?"
"The government had nothing to do with what happened in Long Term Capital Management?"
"AIG shareholders----"
"the American taxpayer ended up in the insurance business here."