Political Quotes

Joe Morelle: Those who have no insurable interest, frankly, I would continue to argue, are purely speculative, and add nothing of…

On the recordFebruary 2, 2009
Those who have no insurable interest, frankly, I would continue to argue, are purely speculative, and add nothing of value to the real economy.
Said by
Joe Morelle
Democratic · New York

Editor's note · Context

Morelle critiques speculative trading in credit default swaps without insurable interest.

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