"There is a huge moral hazard here."
"Obviously, I think some on the Committee question that."
"But I think what you are also saying--I know my time is up, I apologize, Mr. Chairman--but you are telling us, Congress, go fix this."
"So the vast majority of these counterparties are U.S., not foreign?"
"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."
"I just would again encourage you, and I would ask you to please make some comment on whether you think the TALF or any other instrument could be used, either from a backstop standpoint or from going i..."
"There ought to be some haircut taken by these folks at some point in this process."
"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..."
"I think it has great potential. But the sooner we get it rolled out, the better."
"I am very anxious to see the implementation of the TALF. I am concerned that it has taken this long."
"the more we can clear out some of the legal hurdles and the more we can do some hold harmless or what the Chairman put forward in his amendment, it has got to be a piece of this mix or, you know, all ..."