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Hank we can't
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The Fed can lend to non banks under unusual and exigent circumstances, we're thinking of...

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Henry Paulson: [TIREDLY] The Fed can lend to non banks under unusual and exigent circumstances, we're thinking of taking over 80% of the company. Jim Wilkinson: [INSISTENTLY] Hank we can't! This morning we were lecturing the entire country on moral hazard. Henry Paulson: [INCREASINGLY ANGRILY] AIG has collateral, they have assets, Lehman didn't, we couldn't lend into a hole, its not the same story! Jim Wilkinson: [PLEADINGLY] Nobody is going to care, its another bailout, with no legislation, the Hill is gonna go crazy, the country is gonna go crazy. Henry Paulson: [ANGRILY LECTURING] 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!


Transcript

00:00:01.000 --> 00:00:03.491
Hank we can't
00:00:03.057 --> 00:00:06.266
This morning we were lecturing the entire country on moral hazard
00:00:06.372 --> 00:00:09.273
AIG has collateral They have assets
00:00:09.342 --> 00:00:12.008
Lehman didn't We couldn't lend into a hole
00:00:12.879 --> 00:00:14.346
It's not the same story
00:00:14.414 --> 00:00:16.211
Nobody's gonna care
00:00:16.282 --> 00:00:19.445
It's another bailout with no legislation
00:00:19.519 --> 00:00:21.384
The Hill's gonna go crazy The country's gonna go crazy
00:00:21.454 --> 00:00:25.022
The plane that we flew in on this morning leased from AIG
00:00:25.291 --> 00:00:27.452
Construction downtown AIG
00:00:28.228 --> 00:00:33.495
Life insurance 81 million policies with a face value of 1 9 trillion

Clip duration: 34 seconds
Views: 175
Timestamp in movie: 00h 56m 03s
Uploaded: 25 March, 2022
Genres: biography, drama, history
Summary: Chronicles the financial meltdown of 2008 and centers on Treasury Secretary Henry Paulson.


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