Political Quotes

John Sarbanes: “Thirdly, I just make this observation. We are allowing FDIC institutions to do this. But, of course, in a sense, that…”

On the recordMarch 30, 2000
Thirdly, I just make this observation. We are allowing FDIC institutions to do this. But, of course, in a sense, that creates an extra exposure that one of these institutions would not have because the Government, the taxpayer, would be exposed on the loan guarantee. But, in addition, if the institution itself were to run into serious trouble, there would be taxpayer exposure on the Federal deposit insurance for the depositors of that institution. Is that correct?
Said by
John Sarbanes
Democratic · Maryland
Source
govinfo.gov

Editor's note · Context

Discussing the implications of loan guarantees for FDIC institutions.

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