Political Quotes

Richard Shelby: We need a mechanism that can resolve very large financial organizations in a way that is orderly, that protects the rest…

On the recordAugust 3, 2009
We need a mechanism that can resolve very large financial organizations in a way that is orderly, that protects the rest from any systemic implications, but makes sure that their creditors and shareholders take losses.
Said by
Richard Shelby
Republican · Alabama

Editor's note · Context

Senator Shelby emphasizes the need for a resolution mechanism for large financial organizations.

Share

More from Richard Shelby

May 3, 2022

the numbers at the southern border were merely a seasonal surge, but the numbers have only continued to get worse.

congress.gov
Dec 6, 2022

on Roy Blunt, I first met him when he was a whip in the House. We had some kind of conference going, and I thought: My gosh, he can count votes. He is the whip. He can count votes in the conference, too, and so forth. And then, when he…

govinfo.gov
May 2, 2022

Putin's actions have created the largest humanitarian crisis in modern Europe while his forces attempt to consolidate their territorial gains in eastern Ukraine.

congress.gov
May 9, 2022

Russia's unprovoked war in Ukraine has made some of the Army's capabilities into household names, like the Javelin, the Stinger, and so forth.

congress.gov

Other voices in this conversation