Political Quotes

Luis Gutiérrez: “Does not the seizure and subsequent rescue of both U.S. Central and WesCorp, as a result of their exposure to…”

On the recordMay 19, 2009
Does not the seizure and subsequent rescue of both U.S. Central and WesCorp, as a result of their exposure to mortgage-back securities show that the NCUA has allowed corporates to hold more high-risk investments than they should?
Said by
Luis Gutiérrez
Democratic · Illinois

Editor's note · Context

Gutierrez questions NCUA's oversight on risky investments by corporate credit unions.

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