Political Quotes

Richard Blumenthal: “What has happened, Senator, and that question is a very good one, is that many nonbanking institutions have, in effect…”

On the recordJuly 13, 2009
What has happened, Senator, and that question is a very good one, is that many nonbanking institutions have, in effect, invoked the shield by aligning themselves with national banks.
Said by
Richard Blumenthal
Democratic · Connecticut

Editor's note · Context

Blumenthal discusses nonbanking institutions using national banks to evade state regulations.

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