Brad Sherman actually said...

We need to make sure that credit default swaps and similar derivatives are classified as insurance, and are subject to reserves.

Sherman emphasizes the need for regulation of derivatives as insurance.

06/15/2009

More Brad Sherman Quotes

No one can quibble that we need flexibility, especially when time is of the essence...

Are we just going to talk tough or when you come back a year from now are we going to see a different chart?

Can you commit to investing 28 hours of one tax lawyer, just 28 hours of that one tax lawyer's time to start the process?

I don't want bags of cash at a marijuana dispensary down the street from my constituents.