mr. mcwatters? >> thank yo. mr.oriarty, when the deal was struck in september, current shareholders of aig stayed in place. it was not a bankruptcy. they weren't wiped out. so today we have the situation of pre-bailout shareholders. they may live to collect dividends sund, and may live to sell their stock for-profit come even though the taxpayers they lose cbo $36 million, omb $50 million. is that correct? >> well, let me just-- if in ct the preferred stock interest loses money it is unlikely they are going to get anything in the way of balance sheet is construct did, the preferred stockholders are going to get paid first before the common stockholders get anything. it is true that the stock is trading, common state-- stock is trading. no dividends are being paid on that sto, so it is a bet on the company's future. >> given it is trading for $33 a share today, there must be a lot of people, a lot of smart people, a lot of analysts who ink the current stock will be repaid. >> that would be the inference you withdraw,

mr. mcwatters? >> thank you. mr.oriarty, when the deal was struck in september, current shareholders of aig stayed in place. it was not a bankruptcy. they weren't wiped out. so today we have theituation of pre-bailout shareholders. they may live to collect dividends sunday, and may live to sell their stock for-profit come even though the taxpayers they lose cbo $36 million, omb $50 million. is that correct? >> well,et me just-- if in fact the preferred stock interest loses money it is unlily they are going to get anything in the way of balance sheet is construct did, the preferred stockholders are going to g paid first before the common stockholders get anything. it is true that the stock is trading, common state-- stock is trading. no dividends are being paid on that stock, so it is a bet on the company's future. >> given it is trading for $33 a are today, there must be a lot of people, a lot of smart people, a lot of analysts who think the current stock will be reid. >> that would be the inference you withdraw, yes

mr. mcwatters. >> thank you. thank you for attending the hearing today. it appears that you will not need an additional tarp funds, at least that's what you just said. today in your opinion is a.i.g. a solvent entity? >> absolutely. >> great. great. you also said in your opening statement that you intended to pay back the taxpayers. you didn't say i'm going to pay back everything but $5 million or $50 billion. it sounded like the intent is to pay back everything. >> i believe that we will pay back all that we owe the u.s. government. and i believe at the end of the day the u.s. government will make an appropriate profit. >> the c.b.o. says we, meaning the taxpayers, will lose $36 million and o.m.b. says lose $50 billion. so there's a spread here. it's a big spread. can you help me close this gap in my own head to understand how you can pay back everything, how you can run the company and pay back everything when the c.b.o. and o.m.b. says to the contrary? >> i would love them to be able to let me buy back everything we owe and go to investors and take a $

mr. mcwatters. >> thank you and thank you for attending the hearing today. it appears that you will not need additional t.a.r.p. funds. at least that is what you just said. today what is an aig salting into the? >> absolutely. >> great, great. duals as it in your opening statement you intended to pay back the ax payers. you didn't say i'm going to pay back everything but he $5 billion or $50 billion. it sounded like the intent is to pay back everything. >> i believe that we will pay back all that we owe to the u.s. government and i believe that the end of the day the u.s. government will make an appropriate profit. >> the ceo says we, meaning that taxpayers, will lose $36 billion the omb since delete clauses 50 billions there's a spread. can you help me close the gap to understand and how you can pay back evrything and no one says to the contrary. >> i would love to be the to buy back everything we go and investors can take a 50 billion-dollar loss. i would be able to if there would be tomorrow and nobody would because we are a strong vibrant company with a