"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..."
"Do you know if they spoke with any of the counterparties?"
"I am going to have to stop you there, Congressman. I am going to be disciplined about time."
"I am sorry----"
"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?"
"So you would say neither more nor less intrusive than one would ordinarily see for an investor of this----"
"Such a failure would threaten hundreds of thousands of jobs, ranging from the auto industry itself to suppliers, dealers, and small businesses."
"Well, I understand your point about wanting to take advantage of the markets if the markets open up more than you had otherwise anticipated."
"After the IPO and the Government has, hopefully, receded from the field here, how will we know if the taxpayers' investment was a success?"
"Thank you very much. Thank you, Mr. Bloom. I appreciate your being here."