Political Quotes

Richard Shelby: “There is no system that is built to withstand an insolvency the size of the notional value of the credit default swaps…”

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.

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