Political Quotes

Richard Shelby: A 33-percent failure rate does not to me exactly provide confidence to the market that either Treasury or any of the…

On the recordFebruary 4, 2009
A 33-percent failure rate does not to me exactly provide confidence to the market that either Treasury or any of the Federal regulators, including the Fed understood the term 'healthy' or used that term loosely to get the money in there.
Said by
Richard Shelby
Republican · Alabama

Editor's note · Context

Shelby expresses concern over the definition of 'healthy' institutions in financial programs.

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