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Two Weeks Ago: White House Says It's Confident Obama Administrations Knows How AIG Bi

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Two Weeks Ago: White House Says It's Confident Obama Administrations Knows How AIG Billions Are Being Spent

 

 

From White House press secretary Robert Gibbs' briefing two weeks ago, when $30 billion in additional funds were announced for AIG.

 

 

TAPPER: AIG, is the administration confident that it, that it knows what happened to the tens of billions of dollars previously given to AIG?

 

GIBBS: Is it confident - I'm sorry?

TAPPER: That they know - that you guys know what happened to the previous billions before you hand over this next $30 billion.

 

GIBBS: Yes - yes, the - I mean, I don't think it's a - well, obviously, you've got a huge insurance company that is losing money, not the least of which because of its sheer size and sheer size and decrease in the growth in our economy. It experiences a far bigger drop, largely because of its size. But, again, the steps that - that Treasury and - and others took were to ensure a larger systemic problem wasn't one that we had to deal with here today in letting something just die.

 

TAPPER: But in terms of specifically the - I guess it's like $150 billion before, you guys are confident...

 

GIBBS: Yes.

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