mr. benmosche. we appreciate you coming and we will hold the record open. >> thank you are a much. >> thank you. mr. moriarty. we now call our fifth and for the day final panel. jim moriarty, chief restructuring officer of the u.s. department of treasury. have you found a coortable place? i think you found a low chair, sir. better you are shorter than i recall. there you go. the we go. much better. when you are ready, if you could give us an opening statement and holder to five minutes please. >> chair warning members of the panel thank you for the opportunity to testify. since joining the treasury department of may 2006 i have been-- 2009, sorry, i've been-- i've been primarily responsible for everything the xpayers significant investment and amican international group. as you know prior to joining the treasury department spent 28 years working in the private sector so basically on financial restructuring. i will use my time today briefly to outline our current commitments to aig, the company's rest

mr. benmosche. we appreciate you coming and we will hold the record open. >> thank you are a much. >> thank you. mr. moriarty. we now call ourifth and for the day final panel. jim moriarty, chief restructuring officer of the u.s. department of treasury. have you found a comfortable place? i think you found a low chair, sir. better you are shorter than i recall. there you go. there we go. much better. when you are ready, if you could give us an opening statement and holder to five minutes please. >> chair warning members of the panel thank you for the opportunity to testify. since joining the treasury department of may 2006 i have been-- 2009, sorry, i've been-- i've ben primarily responsible for everything the taxpayers significant investment and american international group. as you know prior to joining the treasury department spent 28 years working in the private sector so basically on financial restructuring. i will use my time today briefly to outline our curren commitments to aig, the company's

mr. benmosche i am interested in the contradiction in the contrast is between your testimony, mr. gallant's testimony and mr. clark's. can you a explained to make your understanding of the difference between your estimation of the company's earnings power going forward, after your asset sales and mr. gallant's andcan you explain to me your general, how your general characterization of your comny's financi position is consistent with smp's view that outs and government support are >> i can't comment on mr. gallant. i i know what i'm running, i know the company i'm running and i have confidence in this company and i ow what i'm talking about so you up to see whether he understands the company as well as i do. >> m benmosche that is not an acceptable answer. we represent your majority stockholder or at least the kind of do. are trying to look out for your majority stockholder. i am frankly fightened by what mr. gallant said on behalf of the american public and i would like you to explain specifically with reference to numbers why he is ron. >> i have not looked at his report that i w

mr. benmosche, i'm interested in the contradiction of the contrast between your testimony, mr. gallant's testimony, and the testimony of carp from s&p. can you, a, explain to me your understanding of the difference between your estimation of the company's earnings power going forward after your asset sales and mr. gallant's? and can you explain to me your general -- how your general characterization of your company's financial position is consistent with s&p's view that absent double support -- >> i can't comment on mr. gallant. you'll have to get him to figure it out. i know what i'm running. i know the company i'm running and have confidence in this company. i know what i'm talking about. you'll have to see whether he understands the company as well as i do. >> that's not an acceptable answer. if -- we represent your majority stockholder, or at least we kind of do. we are trying to look out for your majority stockholder. i am frankly frightened by what mr. gallant said on behalf of the american public. and i would like you to explain specifically with reference to numbers why