Political Quotes

Chuck Schumer: “To me, this is a terrible mistake. We are enshrining some institutions with such importance due to their size and…”

On the recordAugust 3, 2009
To me, this is a terrible mistake. We are enshrining some institutions with such importance due to their size and interconnected characteristics that we are implicitly accepting the notion that our Nation's economic well-being is in their hands, not in the hands of the people and their elected officials.
Said by
Chuck Schumer
Democratic · New York

Editor's note · Context

Schumer criticizes the two-tier supervisory system for prioritizing large institutions over community banks.

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