Political Quotes

Mike Johanns: “I think the problem I alluded to in my statement was the credibility of that no backstop, and my suspicion is it would…”

On the recordOctober 30, 2013
I think the problem I alluded to in my statement was the credibility of that no backstop, and my suspicion is it would not be credible, so we would be back to an implicit guarantee.
Said by
Mike Johanns
Republican · Alaska

Editor's note · Context

Johanns discusses the credibility issues of having no backstop in legislation.

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