Political Quotes

W. Todd Akin: Well, now the question is, if the banker is a businessman and he's taking risks and he wants to make a loan and when he…

On the recordFebruary 14, 2011
Well, now the question is, if the banker is a businessman and he's taking risks and he wants to make a loan and when he makes a loan he gets some interest, and as long as the loan's good, then he makes money that way as a banker; now, if he wants to do that, why do we have a bureaucrat looking over his shoulder all the time, particularly as long as he's got a sufficient amount of liquidity to cover potential losses? Why is it that the regulators are deciding to regulate every aspect of our free enterprise?
Said by
W. Todd Akin
Missouri
Source
govinfo.gov
Feb 14, 2011

Editor's note · Context

The speaker is questioning the role of regulators in the banking industry.

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