Political Quotes

On the recordNovember 17, 2009
Taxpayers were the ultimate funder of the liability. That, we cannot permit to happen again.
Said by
Kent Conrad
Democratic · North Dakota

Editor's note · Context

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

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I do, and I made that argument to the commission, and others on the commission made some of the points that you are making now.

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Can I just respond quickly, Mr. Chairman, and say when Simpson-Bowles went down, a group of six of us in the Senate, three Democrats, three Republicans, were asked by leadership to see if we couldn't come up with a way forward to adopt the…

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