Jack Reed actually said...

the taxpayer had to step in because there wasn't enough capital in the private sector to cover the risks

Reed discusses the need for taxpayer intervention due to insufficient capital during the crisis.

02/03/2010

More Jack Reed Quotes

FDIC-insured institutions have earned a new record, about $164 billion last year, and almost two-thirds of institutions reported higher earn...

And that requires adequate robust funding, not just in this year, but going forward.

Thank you for your efforts, because I think now we have got a better hold on keeping the level at 36 percent.

I do not think there is anyone in this Congress that would object to protecting the financial well-being of men and women who are wearing th...