Michael Terry

The Full Aleynikov Transcript

"I believe, Your Honor, that the financial institution, I think the position here is that whatever steps the financial institution can take, the financial institution essentially has no way to effectively protect itself against the loss of this program. Once it is out there, anybody will be able to use this. And fair market share would be adversely affected."

Translation: The program could be used against the "financial institution" the same way they use it against others. Wouldn't want to eat up TARP money now would we?