Political Quotes

On the recordJuly 9, 2024
Frankly, when I read about this, it triggered my PTSD from the AIG situation with credit default swaps during the financial crisis.
Said by
Bill Foster
Democratic · Illinois

Editor's note · Context

Foster expresses concern over potential risks reminiscent of the AIG crisis.

Share & report

More from Bill Foster

Jul 9, 2024

I think it is my personal goal to die before we have another financial crisis, and then I will be doing my job well.

congress.gov
Mar 20, 2024

As the global economy changes, financial firms and their regulators must remain well-apprised of new and emerging risks.

congress.gov
Jan 9, 2024

AIG was famously referred to, if I remember correctly, by the Republican Federal Reserve Chair, Ben Bernanke, as a, 'healthy and well-run insurance company with a hedge fund grafted onto it.'

congress.gov
Apr 15, 2024

I think the single-most useful thing that we in Congress could do is to establish a federally-recognized standard for presenting illegally-traceable identity.

congress.gov

Other voices in this conversation