Political Quotes

Chris Dodd: “In fact, it is not only repaying 100 percent but with interest. There is an interest requirement, that if we borrow from…”

On the recordJuly 15, 2010
In fact, it is not only repaying 100 percent but with interest. There is an interest requirement, that if we borrow from the taxpayers in order to wind down substantially risky firms, then not only do you get paid back, but the interest on the cost of that money is also part of the deal. So it is 100 percent-plus coming back to the Treasury.
Said by
Chris Dodd
Democratic · Connecticut
Source
govinfo.gov
Jul 15, 2010

Editor's note · Context

Dodd discusses the financial implications of borrowing from taxpayers to manage risky firms.

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