On the recordFebruary 23, 2009
There are a lot of institutions with no capital standards, but they were not banks and regulated by you, who used huge leverage, 30:1, 40:1, 50:1.
Source
congress.govThere are a lot of institutions with no capital standards, but they were not banks and regulated by you, who used huge leverage, 30:1, 40:1, 50:1.
Schumer points out the risks posed by unregulated institutions using excessive leverage.
Share
More from Chuck Schumer
A company can’t just come in and collect personal information about our entire lives and not answer any questions about it.
Most Americans just want to get to work and get home to their families without a private company keeping a file on where they go.
The fact that the biggest Republican Senate Super PAC took its money out of North Carolina today and put it into Kansas says all you need to know about which direction the Senate Majority is headed.
Let me be clear. Any federal agency using this network to track Americans exercising their rights in our own state is unacceptable.