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-- third is the expiration date that's been set for -- by the Treasury Secretary Tim Geithner our next guest though says the process.
To unwind the program is so complex.
That the quote the new report.
From the commission that she shares is to park will live on for years Elizabeth Warren the chair the congressional oversight panel.
Has the latest analysis of the program she -- with us from DC thank you for coming on again we always appreciate having on here at Fox Business.
Could be -- legacy IE it long lasting one is that what you say when we gonna get the the war or the Akron and TARP out of our mind.
Think it's going to be a long time.
And you know it's going to be a long time for a lot of reasons the one it is just a very straightforward even after the money's been paid back and we're not doing any more expenditures under TARP.
Right now the treasury inflated to more than a hundred billion dollars in assets.
And it's going to have to do something with -- and -- -- right at some point how to they had second work that's right.
They're not gonna sellable in the same day -- and part of what we're really concerned about.
Is that treasury isn't like someone else at all facets obviously they can't define when the -- and when to sell them.
But they move markets when needed -- and subject to political pressures when they do that.
So we've really prints treasury about so what are the principles you're gonna use -- -- -- give us some guidance what do you laid out issue metrics.
And what they've told us if they said well we're gonna make sure we preserve stability -- the economy okay we're gonna preserve individual companies.
And we're going to maximize return to the taxpayer.
And our view on this is -- -- what you do anything.
And -- -- -- -- some serious potential for conflict here if this -- -- and so.
What kind of still back in this position oversight saying we've -- -- -- a little bit more about how you're gonna get rid of these these -- and -- at least talk to them about a trough.
Right interesting now before going to the next -- -- -- just stubborn for our viewers Treasury's response to that issue.
From you're -- with the Geithner treasury they say demonstrating a cautious transparent.
And disciplined approach in winding down the emergency programs already they say yielding positive returns for tax -- And the health of the economy so.
You know they make the case that they're they're pretty much going along with this but your point is there that they're not answering all the questions -- acting directing -- is that it from what you're asking.
Right all right but I wanted but this guy had.
No I'm just gonna say I think there -- like they don't want things right but what we do oversight here it's so much more still do here we're talking about literally.
Hundreds of billions of dollars any -- what is really going on and do this to happen again right in each car -- there to prevent disaster that was the idea we think.
If all things being equal couldn't if if everything is as it is right now.
Would we have another TARP program would we bail out these thanks again is moral hazard just the fact of life.
So that's really the lingering impact are we don't get -- scrubbed out of our system until we can credibly said.
To one of the largest financial institutions in the country if you mess it up badly enough if you take on enough risk and it turns out badly right.
We hand and will liquidate it.
And -- -- insane they're insane credibly you know -- -- alt.
-- large sabres but I mean see -- and mean pure until that day comes.
The winner will be living with the real effective -- and that is a free guarantee that the big boy those are regulatory question actually.
That's an -- that have been taken up the other thing I want and we don't have a ton of time let's I wanna get into question.
On the east bank fee plan that the presidents get a present that's coming up later today the number I think you -- -- -- person to ask this that's been thrown around to us beforehand by the administration.
Is ninety billion dollars that they plan to raise from these bank fees to talk losses GM Chrysler.
And an AIG largely to blame for that with a cup of ninety billion is that a fair number we should be expected to change over time -- -- think.
Let me put this week it's at least in the neighborhood we can't know.
With the actual number is going to be until we know -- shares have stopped what they really turn out to be war right you know do the auto companies recover and and you and I just don't know that so -- and I know you -- war.
They might need to raise more -- might actually not need to respond as much but at least they're in the right ballpark Elizabeth Warren it's always -- great to talk to and.
Thanks for coming up from DC.
Good to talk to -- the congressional oversight panel looking into that talked.
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