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?
So the reason we asked this panel to come is that we wanted to probe that claim.
I understand all this.
So government help--you had to evaluate it, evaluate what its impact was going to be.
So I just want to ask you. Now is this only for the financial--for the thrift, not for the larger----
what is the value of the guarantee that the American taxpayer put into this?
I would like to begin this morning by extending our sincere thanks to the City of Phoenix, the University of Arizona, Senator John McCain, S...
Would the SBA be more effective if it became a direct lender again instead of working only through financial institutions?
It's a very small fraction, isn't it?
It's a step in the right direction.
Do you believe banks will want to participate in this? It's going to be a different kind of program.