Political Quotes

On the recordJune 6, 2016
We only need to look at U.S. economic history to see how thinly capitalized banks have . . . made our financial system vulnerable to unanticipated economic shocks and how a crisis in the banking system quickly infects the rest of our economy.
Said by
Richard Shelby
Republican · Alabama

Editor's note · Context

Shelby reflects on historical banking crises caused by insufficient capital in banks.

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