Geithner insisted that the Fed had AIG under control and again attempted to move the conversation along. What remained unacknowledged was that JP Morgan and Citigroup, as advisers to AIG, were the only parties in the room that had any true appreciation for the depth of the problems that the firm faced. Thain, whose bank was likely the next to fall, as everyone in the room understood all too well, remained notably silent during the exchanges.
