Paulson on Lehman: “There were no buyers for Lehman Brothers. It, it was a very sad situation to see a venerable firm like that go down, employees lose jobs. Again, it was, it was a tough situation.”
Paulson on AIG: “It would have been, in my judgment, unthinkable to have AIG declare bankruptcy…AIG was so interconnected, it, it touched money market funds, it touched individual savings. This is a classic example. Insurance regulated by 50 different insurance regulators, and, and a holding company with just scant oversight at the federal level. Very much a hedge fund on top of insurance companies. Something like this, in my judgment, should never have happened.”
Business Insider Emails & Alerts
Site highlights each day to your inbox.