Political Quotes

Richard Shelby: “The circumstances that permitted AIG's securities lending operation to potentially threaten the solvency of several of…”

On the recordMarch 16, 2009
The circumstances that permitted AIG's securities lending operation to potentially threaten the solvency of several of its insurance companies and their counterparties suggests that our regulatory system has not been keeping up with developments in the market.
Said by
Richard Shelby
Republican · Alabama

Editor's note · Context

Senator Shelby points out regulatory failures highlighted by AIG's issues.

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