Political Quotes

Bob Menendez: I think every regulator here responsible for implementing the law should know if huge trading losses like this happened…

On the recordJune 5, 2012
I think every regulator here responsible for implementing the law should know if huge trading losses like this happened at banks after we established the Volcker Rule and capital rules have been written and implemented, then I think the blood will be on all of your hands if the London Whale ultimately goes belly up next time.
Said by
Bob Menendez
Democratic · New Jersey

Editor's note · Context

Menendez emphasizes accountability for regulators in preventing financial crises.

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