Political Quotes

Brad Sherman: Under the Current Expected Credit Losses (CECL) system, we penalize every bank, every time they make a good business…

On the recordMay 15, 2023
Under the Current Expected Credit Losses (CECL) system, we penalize every bank, every time they make a good business loan.
Said by
Brad Sherman
Democratic · California

Editor's note · Context

Sherman discusses how current accounting practices discourage banks from making loans.

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