Political Quotes

Ed Royce: What perhaps they didn't see coming was also the investment banks--the four big investment banks in doing their own…

On the recordApril 16, 2018
What perhaps they didn't see coming was also the investment banks--the four big investment banks in doing their own modeling had leveraged up the ratio from what should have been 10 to 1, probably 30 to 1.
Said by
Ed Royce
Republican · California

Editor's note · Context

Royce highlights the unexpected leverage of major investment banks contributing to the financial crisis.

Share

More from Ed Royce

Nov 13, 2018

I hope this Administration and this Congress have learned something from this failed duopoly and do the hard work necessary to reform our housing finance system.

congress.gov
Sep 26, 2018

This resolution affirms the U.S. support for the legitimate National Assembly and Supreme Court.

congress.gov
Sep 26, 2018

The power and influence they wielded had few peers.

congress.gov
Sep 12, 2018

I have one more speaker. I yield 2 minutes to the gentleman from Illinois (Mr. Roskam), a member of the Committee on Ways and Means, and co-chair of the bipartisan Task Force on Combating Anti-Semitism.

govinfo.gov

Other voices in this conversation