Political Quotes

On the recordMay 14, 2013
a paper tiger that will fall apart the minute it is tested in a real life financial crisis
Said by
Ted Kaufman
Delaware

Editor's note · Context

Kaufman describes the Orderly Liquidation Authority as ineffective in a financial crisis.

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More from Ted Kaufman

Mar 16, 2011

we have got to get away from this too-big-to-fail. It is bad in so many different ways in terms of the concept.

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Jul 26, 2010

A government, the present Afghan Government supplemented by the Taliban, is one that I just don't know how that's going to work in the long run.

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Sep 21, 2010

Is it legal for a firm to manufacture and sell securities which it knows or is virtually certain are going to default?

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Jul 26, 2010

How do you hold them accountable if they're not going to do it?

congress.gov

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