Political Quotes

On the recordMarch 16, 2009
There is no system that is built to withstand an insolvency the size of the notional value of the credit default swaps AIG was invested in.
Said by
Richard Shelby
Republican · Alabama

Editor's note · Context

Shelby emphasizes the unprecedented scale of AIG's financial exposure.

Share

More from Richard Shelby

May 25, 2022

I am concerned about this--what this communicates to both our allies and our adversaries.

congress.gov
May 16, 2022

A complex and evolving security environment requires a serious commitment to our national defense.

congress.gov
May 2, 2022

At the same time, North Korea is testing missiles reportedly capable of carrying nuclear warheads.

congress.gov
May 9, 2022

I'm also concerned that inflation will reduce the Army's buying power.

congress.gov

Other voices in this conversation