Michael Capuano said...

The subsidy is coming because of market expectations that the government would bail out these firms if they failed, period. Those expectations are incorrect.

Context

Capuano discusses the incorrect market expectations regarding government bailouts.

02/26/2013

https://congress.gov...

More Michael Capuano Quotes

I have been working with and plan to work with Ranking Member DeFazio and my Democratic colleagues to develop a plan tha...
3/5/2018
I would ask, is the Fed interested in all, would you be interested in pursuing something--you oversee 7,000 entities, so...
2/26/2018
For the amount of money I can get for a home in Boston, I can get the greatest home in the world in Waco, Texas.
11/6/2017
For me, and most homeowners, it is how much do I make every month and how much can I afford every month.
11/6/2017

View All Michael Capuano Quotes