Political Quotes

On the recordJanuary 7, 2009
We have got a big problem, maybe $2 trillion or more with bad assets.
Said by
Kent Conrad
Democratic · North Dakota

Editor's note · Context

Kent Conrad emphasizes the severity of bad assets in banks.

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More from Kent Conrad

Sep 6, 2016

Overwhelmingly, they say this is their biggest concern--their retirement security, and, overwhelmingly, they want us to act.

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Sep 6, 2016

This Retirement Security Plan structure that we have suggested I think would go a long way toward dealing with these issues.

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Sep 6, 2016

You know, we met with a Congressman on the Ways and Means Committee this morning, and we were on a subject related to this. You really see it with our elderly people who do not have options or options are closing in on them.

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Sep 6, 2016

There is a societal cost that is sort of hidden, isn't there?

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