Elizabeth Warren

  • I have heard that the designation process is not transparent, and I am all for increased transparency, but I assume the Council must balance transparency against disclosing confidential or potentially market-moving information. (p37/2:08)

-- Senator Elizabeth Warren (D-MA)

2015 0325 - GOV (Senate) - FSOC Accountability Nonbank Designations - [PDF-165p,

  • (p222) - Chair Elizabeth WARREN. And how exactly—you know this is—you weren’t there—I wasn’t there.
    • This is a crazy conversation to have.

2010 0526 - COP - Hearing - TARP and Other Government Assistance for AIG - [PDF-241p] --- [BonkNote]

 

  • To be clear, I do not mean to suggest that traditional bankruptcy would have been the best or most appropriate choice for AIG.
    • The company was a corporate Frankenstein, a conglomeration of banking and insurance and investment interests that defy regulatory oversight and that would not have fit easily into the existing bankruptcy structure.
    • Its complexity, its systemic significance, and the fragile state of the economy may all arguably have been reasons for unique treatment, but no matter the justification, the fact remains that AIG’s rescue broke all the rules and each rule that was broken poses a question that must be answered.  (p2)

--  Elizabeth Warren

2010 0526 - COP - Hearing - TARP and Other Government Assistance for AIG - [PDF-241p] -- [VIDEO-CSPAN} --- [BonkNote]