Political Quotes

Tom Coburn: “The lesson of OTS is not that we necessarily need more regulators, because clearly regulators can suffer the same flaws…”

On the recordApril 15, 2010
The lesson of OTS is not that we necessarily need more regulators, because clearly regulators can suffer the same flaws as banks--selfishness, shortsightedness, ineffectiveness.
Said by
Tom Coburn
Republican · Oklahoma
Source
congress.gov

Editor's note · Context

Coburn emphasizes the need for better regulatory incentives rather than just increasing the number of regulators.

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