We felt there was no alternative. Throughout the restructuring, we have tried to do everything we can to make sure that the main focus of the company... is to make the company viable enough that it can sell itself off, sell off its non-core businesses, and repay the taxpayers as soon as possible.
Bernanke outlines the objective of restructuring AIG to repay taxpayers.
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I think getting rid of too big to fail is an incredibly important objective and we are working in that direction.
We all agree that the burden of regulation falls particularly heavily on small community banks which don't have the resources to manage those regulations very effectively.
forcing these activities out of insured depository institutions would weaken both financial stability and strong prudential regulation of derivative activities.
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