And I said excuse me Senator, I'm not talking about toxic loans. I'm talking about credit default swaps that have a $54 trillion notional value which is the reason We put $187 billion into AIG [due to credit default swaps]. Now people forget that bailout was bigger than all the other bailouts. There's no company that required that big a bailout. That was the biggest one. And he had no answer. (21:14–21:19)
CLAIM
Asserts that $187 billion was used to bail out AIG because of credit default swaps.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
