I will take that as a no, that we are not being paid for the guarantee that we are----
But it's your view that Citi isn't getting that from its higher rating, it's not getting that benefit of being A rated?
But Standard & Poor's, the rating agency, is giving you a bump. The bump is valuable.
we are strongly advocating financial reforms to prevent this situation from happening again, by assuring that no single institution can thre...
Instead of that, why don't you concentrate on breaking Citi into more pieces, so that no one piece is too big to fail?
If it had been up to me, I would have told the banks, all of them including GMAC, 'Take the TARP money, charge it off.'
You wiped out all of its equity, you caused its debt to have to take a haircut, and that's what helped put it back on firm footing.
Going from $21 billion to $3 billion doesn't look like it fixed itself and that it only started coming back once TALF was in place, a TARP p...
Without GMAC, GM was unlikely to survive?
You left the equity intact, all of the debt continued to be repaid at 100 cents on the dollar; a far better deal to have been an investor in...
I've always believed that people misunderstood TARP. We should not be dancing in the street because banks have repaid their TARP funds.