Emanuel Cleaver actually said...

the fact that we had the 2008 collapse was due in no small part to the failure to separate commercial banking from investment banking.

Cleaver attributes the 2008 financial collapse to the lack of separation in banking.

03/23/2015

More Emanuel Cleaver Quotes

I was on this committee--I probably am the only one in here who was here when we had the credit rating agencies sitting here in 2008.

What would be wrong with requiring that you insure your ratings?

I think it is important.

I think we need to have a revolution in how we do zoning, because we are zoning poverty, and it needs to change.