Political Quotes

On the recordJuly 14, 2009
Do you think the counterparties should be reimbursed dollar for dollar in case there is a systemic failure with one of the hedge funds or one of the other types of investment firms?
Said by
Jim Bunning
Republican · Kentucky

Editor's note · Context

Bunning inquires about reimbursement for counterparties in systemic failures.

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More from Jim Bunning

Aug 2, 2010

Is that not just kind of a transferring of what we cannot pay for and what our excesses are presently to my children and grandchildren? Is that not kind of a wealth transfer or a debt transfer?

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Jul 20, 2010

You know, in this regulatory bill, we have given the Fed a lot more power.

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Sep 21, 2010

It seems impossible and outrageous that it took 8 years from the time that possible fraud was identified before the SEC spent any energy on enforcing the law.

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