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Alan Grayson Questions AIG Math: Let's Change the Length of Inches So I'm Shorter!

Congressman Alan Grayson discusses a change in accounting rules demanded by the banks that caused this mess. Robert Herz of FASB actually talks about how insolvent banks, two weeks before they go bankrupt, call up and request accounting changes. The witnesses for this hearing were: Mr. James Kroeker, Acting Chief Accountant, U.S. Securities and Exchange Commission Mr. Robert Herz, Chairman, Financial Accounting Standards Board Mr. Kevin Bailey, Deputy Comptroller for Regulatory Policy, Office of the Comptroller of the Currency


Tags: Alan, Grayson
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Alan Grayson: Is there any way to save the system other than showering taxpayer money on banks?

This is from a March 5, 2009 Financial Services subcommittee hearing on 'systemic risk'. The witnesses are: Ms. Orice Williams, Director, Financial Markets and Community Investment, Government Accountability Office The Honorable Richard H. Baker, President and Chief Executive Officer, Managed Funds Association The Honorable Steve Bartlett, President and Chief Executive Officer, The Financial Services Roundtable Dr. Therese Vaughan, Chief Executive Officer, National Association of Insurance Commissioners Mr. Robert A. DiMuccio, President and Chief Executive Officer, Amica Mutual Group Mr. T. Timothy Ryan, Jr., President and Chief Executive Officer, Securities Industry and Financial Markets Association


Tags: Alan, Grayson, TARP, bailout, banks
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Alan Grayson on the Worst Deal Since Manhattan Was Sold for $24 in Trinkets

This hearing took place on 2/11/09, featuring eight major Wall Street bank CEOs as witnesses. Rep. Alan Grayson asked Citigroup CEO Vikram Pandit about the terms of the government assistance his firm received, and read comments from several angry constituents.


Tags: Alan, Citigroup, Committee, Federal, Financial, Grayson, Pandit, Reserve, Services, TARP, Vikram, politics
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