Political Quotes

Carl Levin: “I think it was your study which pointed out some numbers as follows, the Fed study: That financial holding companies…”

On the recordNovember 19, 2014
I think it was your study which pointed out some numbers as follows, the Fed study: That financial holding companies typically have a capital ratio of 8 to 10 percent, where oil and gas companies, for instance, have capital ratios exceeding 40 percent.
Said by
Carl Levin
Democratic · Michigan

Editor's note · Context

Levin highlights the disparity in capital ratios between financial holding companies and oil/gas companies.

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