On the recordApril 28, 2010
I could not help but think that the American people have lost in at least two ways. One, they have lost with regard to money that they could have been making on the market. Two, they have lost because the so-called swaps that were purchased, these insurance--what we could call insurance, for those people who may be listening, Mr. Speaker-- some of that money, particularly the ones that we're dealing with right now, were bought from AIG. When these bonds went down, AIG ended up paying. Folks may be asking the question, What does that have to do with me? Well, the fact is that when those bonds were paid off, those are the kinds of--because they were paid off from AIG, just like an insurance policy would pay--a lot of American money had to go into AIG to keep it propped up--to the tune of $180 billion, with a B.
