So do we have, in effect--the question I am asking--do we have a pre-guarantee out there?

Is there anyone in America who does not believe that the American Government will rush back in and support the money markets?

Taxpayers question what TARP accomplished when, on an individual level, their financial circumstances seem more precarious than ever.

I will take yes for an answer.

I am going to have to stop you there, Congressman. I am going to be disciplined about time.

Do you know if they spoke with any of the counterparties?

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 AIG?

In granting Treasury such enormous discretion with TARP money, Congress expected an equal measure of transparency and accountability.

I just want to know, are we more at risk on the question of concentration than we were a year ago?

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?

AIG had people holding credit default swaps, and they took no haircut at all.

They ended up with money from the Federal Government 100 cents on the dollar, and I am trying to understand why those two are different from each other.