Political Quotes

On the recordMay 13, 2009
Since we started working on this issue, much has changed in our system. After committing nearly $200 billion of taxpayer dollars to AIG, the need for Federal regulatory oversight has never been greater.
Said by
Melissa L. Bean
Illinois

Editor's note · Context

Highlighting the urgency for federal regulation after significant taxpayer bailouts.

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More from Melissa L. Bean

Mar 4, 2009

The AIG insurance company is solvent. They got additional capital through this latest round but it did not take an insolvent company and make it solvent.

congress.gov
Jun 15, 2009

The collapse of AIG, the world's largest insurer, has proven to be one of the most costly and dangerous corporate disasters in our Nation's financial history.

congress.gov
Jun 15, 2009

No one that is advocating for a national insurance charter in any way is suggesting that we lower consumer protections.

congress.gov
Jun 15, 2009

The need for Federal regulatory oversight has never been greater.

congress.gov

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