Political Quotes

Chuck Schumer: “There are a lot of institutions with no capital standards, but they were not banks and regulated by you, who used huge…”

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.
Said by
Chuck Schumer
Democratic · New York

Editor's note · Context

Schumer points out the risks posed by unregulated institutions using excessive leverage.

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