Political Quotes

Susan Collins: “I don't think that it's a coincidence that AIG bought a small federally chartered thrift, or established a small…”

On the recordJune 8, 2009
I don't think that it's a coincidence that AIG bought a small federally chartered thrift, or established a small federally chartered thrift, in order to get under the regulation of the Office of Thrift Supervision, OTS, which is generally viewed as being a weaker regulator than the Comptroller of the Currency.
Said by
Susan Collins
Republican · Maine

Editor's note · Context

Discussing regulatory shopping by financial institutions to avoid stricter regulations.

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