Given what you learned during the AIG crisis and the bailout, do you think Congress should be doing something to address insurance regulation or the commercial paper markets?
Jim Bunning: “Given what you learned during the AIG crisis and the bailout, do you think Congress should be doing something to address…”
Editor's note · Context
Bunning questions the need for Congress to regulate insurance and commercial paper markets post-AIG crisis.
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Is that not just kind of a transferring of what we cannot pay for and what our excesses are presently to my children and grandchildren? Is that not kind of a wealth transfer or a debt transfer?
Should we not be concerned about the impact this, paired with the large budget deficits that this administration has projected, will have on my 40 grandchildren and future generations?
When are you going to do something about this and get off the backs of our community bankers?
Five weeks is a pretty good time to be able to read the report and, according to the Inspector General, redact those things that should not be made public.