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.
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
Source
congress.govEditor's note · Context
Shelby expresses concern over the definition of 'healthy' institutions in financial programs.
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