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.
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congress.govChuck Schumer: “Taxpayers had no choice but to step in--and that is my strong view--assuming billions of risk and saved companies…”
Editor's note · Context
Schumer emphasizes the necessity of taxpayer intervention during the financial crisis.
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