Well, it seems to me that there is a real risk here that we are, by Federal money, providing AIG with the wherewithal to unfairly compete in this marketplace, and at the same time ...
But shouldn't we be putting AIG through the same stress test that we are talking about in terms of financial institutions?
You have got to quantify this risk. You have to tell us what is the level of the systemic risk.
I mean, how can you keep coming back and asking for monies in which you cannot quantify for us the systemic risk and the assets here?
it is just a recipe of throwing more money in a process in which we don't have a quantifiable baseline to determine where we should be going...
This is an area that I share Chairman Bernanke's comments about being angry.
The real block, in my opinion, has been the servicers and the bond holders.
He thinks it is unfair--and so do I--that lenders can take taxpayer money but do not have to help homeowners.
To suggest, as one or several commentators have, that this problem was created, and I quote, by 'deadbeats with an extra bathroom' is not on...
I said then that we were going to have a tsunami of foreclosures, and the administration basically said I was an alarmist.
We shouted the statistics as long as we could. We held meetings to develop legislation, but for years, the previous administration just cove...