if they are going to bust the bank, if they are going to blow the housing and the market right out of sight, then we as regulators or as policymakers have got to prevent that.
Jim Bunning: “if they are going to bust the bank, if they are going to blow the housing and the market right out of sight, then we as…”
Editor's note · Context
Bunning emphasizes the need for regulators to prevent market collapse.
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Is that not just kind of a transferring of what we cannot pay for and what our excesses are presently to my children and grandchildren? Is that not kind of a wealth transfer or a debt transfer?
I have had the great fortune of having three wonderful careers during my life: one as a husband and father of 9 children and a grandfather of 40, one as a Major League baseball player for 27 years, and one in public service for 30 years…
No, no, no. Why is it your decision to report to the SEC and not to the public which you have an obligation to do?
if the Congress does it that way, you are absolutely correct that this program will fall into an abyss and never pay for itself, and the Government will be on the hook for more than the 18 plus billion dollars it presently is.