Because you cannot--I do not believe you can have one institution or two institutions this big with very thin capital, because you are waiting for the time bomb to go off.
Richard Shelby: “Because you cannot--I do not believe you can have one institution or two institutions this big with very thin capital…”
Editor's note · Context
Senator Shelby emphasizes the dangers of undercapitalized financial institutions.
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A lot of people, including this Senator, believe that the request is not enough considering the problems in the world.
I am deeply concerned, however, that the administration's failure to direct the appropriate resources to the crisis at the southern border has resulted in shifting the burden to the Guard.
I remain concerned that the Air Force budget request is insufficient considering the needed modernization across the inventory with a rapidly evolving threat.
Because the administration has refused to fund the construction of a comprehensive barrier along the border, it has been compelled to send the National Guard to deal with the consequences.





