dennis kelleher, thank you so much for your time. >> thank you

and dennis kelleher is the president of better markets, a non-profit organization pushing for tougher financial regulation and transparency. >> the u.s. government took big holdings in a lot of companies in that brief era but aig was arguably the poster child, how does the idea look in retrospect now that it's unwinding and selling back the stock? >> i think the government took the right steps that were necessary to stabilize the financial system. not just the investment in aig and the trouble add set relief program but also the effort at the federal reserve to intervene to stabilize the economy, the federal deposit insurance corporation stepped in with guarantees in the banking system, the treasury department stepped if with guarantees in the money market mutual fund system. none of these were pretty things. all of them were politically unpopular. but i think that when you look at it if he end of the day we had a situation in which the economy was falling off a cliff and the government stepped in and took the steps necessary to make sure that the financial system didn't crash, that t

and it is working. >> suarez: dennis kelleher, is it fair to say that you don't quibble so much with the wt but the how? >> right, i mean i think that nobody really ostensibly debates whether or not the financial system had to be saved. we had to do everything we could to avoid a second great depression. i don't think there is any question on a bipartisan basis credit deserves to be spread far and wide. secretary paulson and president bush, president obama and his team and michael barr in particular worked very hard to make that happen. the real debate is over the conditions under which the bailouts were done. and then importantly, the incentives that they created an the implicatio of those. so it's true, it's good news that aig did not collapse and bring down the entire financial system along with goldman, merrill lynch and a bunch of the others. but when you give that many, that much money and you bail them out with virtually no strings at all, you have rewarded egregiously bad behavior. and when you rerad really bad behavior you usually get more of it. so it's true, aig has now, d