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David Scott actually said...

Excessive compensation packages were indeed a contributing factor because incentives for short-term gains overwhelm the checks and balances.

06/10/2009

https://congress.gov...

More David Scott Quotes

"The CFTC needs and deserves more funding, particularly at this critical time."
"the cost of having regulation, and these markets go off, sure, which is happening, it is real."
"How much? Give us about a ballpark figure of what you feel it is going to take to do what is in this regulatory piece of legislation."
"My concern is that by removing one of the reports from a lender's review, FHFA is potentially leaving predictive and positive credit history out of the credit risk assessment."

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David Albert Scott

in office

usa, Georgia

1,521 Quotes

Born6/27/1945 (age 80)

PartyDemocratic

  • U.S. House of Representatives

    1/3/2003 - present
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