Richard Blumenthal said "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." @ PoliticalQuotes.com

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

Source

congress.gov

Editor's note · Context

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

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