“I was not involved in any of the decisions made with respect to those payments, nor was I involved in any of the decisions about A.I.G.’s public disclosure of those payments…Those matters were handled by the Federal Reserve Bank of New York and the Federal Reserve Board. They sought to make appropriate decisions on those matters.”

Hank Paulson. Former Head of the Treasury and Goldman Sachs. Prepared Testimony Before the House Oversight and Government Reform Committee. January 27, 2010.

 

Alliance For Economic Stability

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About Alliance For Economic Stability, Inc.

Alliance for Economic Stability is a non-partisan economic policy organization.  The purpose of the AES is to encourage policies that protect savings and investments, and promote a fair financial marketplace. 

AES' founding principle is that people must be vigilant about that management of their nation's financial regulatory system, and its fiscal and monetary policies.  These systems profoundly affect people's daily lives and their futures.  Yet they are made unnecessarily arcane and ineffective by conflicted special interests.   Thus it is important for people to become as involved with their government's economic policies and financial regulatory affairs as they are in matters of education, family values, health and other social issues.

AES works with government to foster an understanding that the safety of people's savings and fair allocation of capital are the mainstays of a free and well-functioning society. 

AES believes that without citizen oversight financial and economic regulatory systems meant to protect the economy become servants of those they are suppose to regulate. AES works to protect property rights by raising awareness of the benefits of sound fiscal policy and the cost of allowing capital dislocation, which when combined with captive regulation leads to excessive speculation that is often referred to as bubbles.  AES believes governments best serve people by allowing free enterprise to produce economically viable jobs and services, and that this assures fair and productive growth in the 21st-century global economy.

 

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