Political Quotes

On the recordSeptember 10, 1996
No banker that I have ever met in my lifetime would make these kinds of loans to somebody trying to go in and borrow money to build a house or create a small business. The simple fact of the matter is, is that this portfolio and the studies indicate that this portfolio is so risky you could not even privatize this operation, for the simple fact that people know that they would stand to lose billions and billions of dollars if these loans go bad, and I will anticipate that some of them in fact will. If this is such a wonderful program, creating all these jobs that are so profitable, my question is why do you need the taxpayers to bail you out?
Said by
John Kasich
Republican · Ohio
Source
govinfo.gov

Editor's note · Context

Discussing the risks of a loan portfolio and questioning the need for taxpayer bailouts.

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