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Detailed text transcripts for TV channel - MSNBC - 20100201:21:35:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20100201:21:35:00

The skurlts. and what the secretary stated and what the treasury department is talking about is the payments to aig counterparties were really in two parts. in one part was part of a federal reserve loan. and the other part was collateral payments, payments made separately by aig. on the one part, on the federal reserve part, it is true that that portion of the loan, a little bit less than half, will probably get paid back with interest. the other part is really inextricably combined with the other losses at aig, recently projected to be a $30 billion loss. someone not as familiar with these t...

Detailed text transcripts for TV channel - MSNBC - 20100201:21:31:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20100201:21:31:00

A second. >> that's exactly right. we've had a little more than 75 investigations. they really run the full gamut of what you would expect. as we discussed before, the t.a.r.p. is really ten different programs right now. for example, if a bank or financial institution was cooking its books or committing accounting fraud when they applied for t.a.r.p. funds, that falls squarely within our jurisdiction. we have a number of investigations into banks that were basically lying to get t.a.r.p. funds. modification programs with servicers and potential fraudsters taking advantage of struggling homeown...