John Sarbanes actually said...

There is a little bit of a moral hazard dimension here in that you can imagine people saying, well, I don't necessarily want to step in now and be the guinea pig if it doesn't look like structurally the system is actually going to get fixed.

Context

Sarbanes discusses concerns about public hesitation to engage with an uncertain system.

02/29/2016

https://congress.gov...

More John Sarbanes Quotes

This one was detailing your wasteful spending and favors for your friends.
4/25/2018
Even though Federal law requires the President to propose a budget, the U.S. Constitution vests the actual budget and spending authority wit...
4/25/2018
I also want to commend you for reducing the backlog of applications for new chemicals.
4/25/2018
Fortunately, committee Democrats have been demanding answers and five independent Federal investigations are now being done into your conduc...
4/25/2018

View All John Sarbanes Quotes