Political Quotes

Richard Shelby: I believe that it would be legislative malfeasance to simply tell a particular regulator to manage all financial risk…

On the recordJuly 22, 2009
I believe that it would be legislative malfeasance to simply tell a particular regulator to manage all financial risk without having reached some consensus on what systemic risk is.
Said by
Richard Shelby
Republican · Alabama

Editor's note · Context

Shelby warns against vague regulatory authority over systemic risk.

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