what is the value of the guarantee that the American taxpayer put into this?

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 the perspective of the consolidated…

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.

I just want to make sure I'm following the timeline here.

I want to make clear that I strongly support what I understand is one of the main goals of this panel: increasing the transparency and the public's understanding of the TARP.

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?

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 I just want to ask you. Now is this only for the financial--for the thrift, not for the larger----

So government help--you had to evaluate it, evaluate what its impact was going to be.