Political Quotes

Richard Shelby: “Some of these banks should be closed. Will they cost money to close? Will they send shock waves through the system?…”

On the recordMarch 8, 2009
Some of these banks should be closed. Will they cost money to close? Will they send shock waves through the system? Absolutely. But if you keep subsidizing banks, when do you stop? Close them down. Get them out of business. If they're dead, they ought to be buried.
Said by
Richard Shelby
Republican · Alabama

Editor's note · Context

Shelby advocates for closing failing banks instead of continuing to subsidize them.

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