On the recordDecember 10, 2009
If they want the market to function in a way where there is no government support, intervention, regulation, they will discover it if there is another September of 2008; it will be a debacle.
Source
congress.govIf they want the market to function in a way where there is no government support, intervention, regulation, they will discover it if there is another September of 2008; it will be a debacle.
Delahunt warns of potential market failure without regulation after the 2008 crisis.
Share
More from Bill Delahunt
I think it says something about our system, our political system and how, you know, how there are powerful interests that oftentimes, I believe, don't really understand their own interests in the long term.
I wanted to note that in hearings before the Committee which I Chaired there were a number of military prosecutors that testified that described that entire process as a sham, a joke and a fraud being perpetrated.
If we continue to drag this out... we are going to find ourselves in a real serious, severe crisis.