Political Quotes

Pat Toomey: “So, you are not able to set any old rate you like, because if you do, someone else who competes with you will set…”

On the recordMarch 25, 2014
So, you are not able to set any old rate you like, because if you do, someone else who competes with you will set, presumably, a lower rate and competition imposes a discipline in this space.
Said by
Pat Toomey
Republican · Pennsylvania

Editor's note · Context

Toomey discusses the impact of competition on lending rates.

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