• Mark MCWATTERS, COP Member - Okay. Mr. Alvarez, Mr. Baxter, in the view of the Federal Reserve Bank, in the view of the Federal Reserve Bank of New York, is AIG today a solvent entity?
• Scott ALVAREZ, FRB - General Counsel, Federal Reserve Board.  - So AIG does not have negative net worth. It has a positive cash capital. It is meeting the demand for loans as they come due.
• Mark MCWATTERS, COP Member - Okay.
• Scott ALVAREZ, FRB. So it does meet the traditional definition of solvency. It is repaying the Federal Reserve from the liquidation of assets in the Maiden Lane II and III facilities and also from the sale of its companies to repay the revolving line of credit. (p90)

2010 0526 - COP - Hearing - TARP and Other Government Assistance for AIG, Congressional Oversight Panel  ---  [BonkNote]