You have to admit with the AIG example back in 2008, we had many ERISA plans that had billions of dollars in credit default swaps, in more speculative swaps that, but for the taxpayers' rescue and pumping $700 billion to satisfy the calls of Goldman Sachs and a lot of these pension funds, there would have been some--a fair number of ERISA plans that would have been put at risk.
Fincher warns about the risks ERISA plans faced due to speculative swaps during the AIG crisis.
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More from Stephen Lee Fincher
I am pleased that we are holding this timely hearing to examine what can be done to combat terrorist financing in the developing world.
To cut off the flow of financing to terrorist organizations, we need better information-sharing on all fronts.
Today's hearing will focus on how the United States can counter the plunder and sale of priceless cultural antiquities by the Islamic State and others.
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