Bob Corker actually said...

"I mean, is that a fair assessment? Because if you had just stood behind it, we would not have any money out."

"But what we will do as the Fed is we will stand behind the obligation so that in the event there is ever a credit issue, we will stand behind it."

"We have ended up buying stock, and instead of having our money be backing up this collateral that went to these counterparties that really have made out like bandits."

"I have a hard time understanding the systemic risk issue then."