Henry Paulson:
The Fed can lend to non-banks under "unusual and exigent circumstances". We're thinking of taking over 80% of the company.
Jim Wilkinson:
Hank, we can't! This morning we were lecturing the entire country on moral hazard.
Henry Paulson:
AIG has collateral, they have assets, Lehman didn't. We couldn't lend into a hole, it's not the same story!
Jim Wilkinson:
Nobody is going to care, it's another bailout! With no legislation, the Hill is gonna go crazy, the country is gonna go crazy...
Henry Paulson:
The plane we flew in on this morning, leased from AIG. Construction downtown, AIG. Life insurance, 81 million policies, with a face value of $1.9 *trillion*. Billions of dollars in teachers' pensions! It's everywhere! You want "too big to fail", here it is! You got a better idea, the suggestion box is wide open!
Riportata da il
05/03/2025 alle ore 07:36