Political Quotes

Joe Morelle: I certainly don't dispute the fact that credit default swaps play an important role in our financial institutions, but…

On the recordFebruary 2, 2009
I certainly don't dispute the fact that credit default swaps play an important role in our financial institutions, but they are insurance, they are a financial guaranty and ought to be treated as such.
Said by
Joe Morelle
Democratic · New York

Editor's note · Context

Morelle asserts that credit default swaps should be regulated as insurance products.

Share

More from Joe Morelle

Jan 6, 2025

The certificate of the electoral vote of the State of Washington seems to be regular in form and authentic, and it appears therefrom that Kamala D. Harris of the State of California received 12 votes for President and Tim Walz of the State…

govinfo.gov
Jun 24, 2026

This bill is not meant to secure American elections; it’s meant to ensure certain Americans cannot access the ballot easily.

rollcall.com
Jul 15, 2026

Rochester has always been a place where big ideas become real-world breakthroughs, and today’s announcement is another exciting chapter in that story.

schumer.senate.gov
Jan 22, 2025

I largely support the resolutions contained within the en bloc package as drafted, and I will urge my colleagues on our side to do the same.

congress.gov

Other voices in this conversation