On the recordJune 5, 2012
It seems to me that if we have a banking activity, the very nature of which is to take risk in extending credit, some of those banks, especially during tough economic times, are going to fail.
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congress.govPat Toomey: “It seems to me that if we have a banking activity, the very nature of which is to take risk in extending credit, some of…”
Editor's note · Context
Toomey acknowledges that bank failures are an unavoidable risk in banking.
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