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 will take yes for an answer.

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 AIG?

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

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

After the IPO and the Government has, hopefully, receded from the field here, how will we know if the taxpayers' investment was a success?

We will have regular reporting responsibilities to the U.S. Treasury on things like cash flow, liquidity, and annual plans.

I am simply asking the question if post-petition dollars are being used...

Today, we are here in Detroit, Michigan to examine the Treasury's use of TARP funds to support the automotive industry.