The Fed can lend to non banks under unusual and exigent circumstances, we're thinking of...
Something wrong with the clip?
Quote
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.
Comments
Actors
00:15 Why didn't you guys head off this situation six months...
00:11 Tim Geithner's calling again
00:37 People act like we're crack dealers
00:14 They almost bring down the US economy as we know it
00:21 There you go I don't really understand
00:19 There's not a bank in the world that has enough money...
00:19 Last February we were at 66 a share
00:09 Lehman's down another 10
00:56 There was an approach last month from Russia
00:11 Make sure Fuld's not keeping any bad news out of the...
00:35 We're working on it
00:14 Tearing down these antiquated walls and granting banks...
01:13 She has to do this in English
00:56 The Fed can lend to nonbanks
00:20 They almost bring down
00:15 Was it a threat
00:30 Grandpa they keep calling What if it's important
00:59 I spent my entire academic career
00:16 I don't think I can take another day of this
00:36 Housing prices go down