Political Quotes

Mike Capuano: “The subsidy is coming because of market expectations that the government would bail out these firms if they failed…”

On the recordFebruary 26, 2013
The subsidy is coming because of market expectations that the government would bail out these firms if they failed, period. Those expectations are incorrect.
Said by
Mike Capuano
Democratic · Massachusetts

Editor's note · Context

Capuano discusses the incorrect market expectations regarding government bailouts.

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