If we called torture 'enhanced interrogations,' one would think we would come up with a better name than 'bad bank,' but we can't, because bad banks hold bad instruments that were unregulated.
Joe Morelle: “If we called torture 'enhanced interrogations,' one would think we would come up with a better name than 'bad bank,' but…”
On the recordFebruary 2, 2009
Source
congress.govEditor's note · Context
Morelle criticizes the term 'bad bank' for its inadequacy in describing unregulated financial instruments.
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