On the recordApril 12, 2010
If I were a shareholder in a bank that I became aware had big problems of fraud in its origination process, I would not want to own the shares of that bank.
Source
congress.govIf I were a shareholder in a bank that I became aware had big problems of fraud in its origination process, I would not want to own the shares of that bank.
Coburn expresses concern about owning shares in a bank with known fraud issues.
Share
More from Tom Coburn
As stewards of the Federal purse, we should be ensuring that we are doing all that we can to save taxpayer dollars and create efficiency in Government.
You beat the crap out of them when something goes wrong, so their underlying statement is never do what is best when you can do what is safe.
People--if they are not being held accountable, they do not want to be held accountable--and transparency is what holds them accountable.