On the recordJuly 22, 2009
Taxpayers had no choice but to step in--and that is my strong view--assuming billions of risk and saved companies because our system was not set up to withstand their failure.
Source
congress.govEditor's note · Context
Schumer emphasizes the necessity of taxpayer intervention during the financial crisis.
Share
More from Chuck Schumer
Aug 20, 2026
Today, costs from unwise tariffs, changing consumer trends, and major logistical disruptions are making doing business even harder and putting that progress at risk.
Aug 20, 2026
Instead of focusing our energy on outcompeting rivals like China, the Trump administration has unwisely chosen to pick a damaging and cost-spiking tariff fight with our closest ally and biggest trading partner, Canada.
Aug 14, 2026
Fort Drum’s facilities, personnel, and infrastructure make it uniquely positioned to spearhead the Army’s Janus Program and demonstrate this important, innovative nuclear microreactor technology.
Other voices in this conversation
