Mark Warner actually said...

"Why has there not been a more focused effort on making sure that some of these counterparties--you are not even going to tell us who they are--at least take a haircut?"

"AIG still racked up subsequent to that, wasn't it north of $64 billion in losses?"

"We, the American taxpayer, have taken a high-flying company that was doing what most of us would believe in a normal market circumstance was high risk."

"But, in effect, what we are saying is consequently folks who bought these instruments should have been doing some level of credit analysis of what AIG was selling who did not do that credit analysis a..."