Kent Conrad actually said...

Taxpayers were the ultimate funder of the liability. That, we cannot permit to happen again.

Conrad emphasizes the need to prevent taxpayer-funded bailouts in future financial crises.

11/17/2009

More Kent Conrad Quotes

If you do not deal with the long-term imbalances, our country is going to look like a Banana Republic.

It will again. But it needs leadership.

Absent the first TARP, the system would have collapsed.

we have got to be able to do better than this and we very much need your help and the help of your associates to point the way