On the recordMarch 17, 2009
The trillions of dollars in losses stand as witness to the many failures of risk management at these firms.
Source
congress.govEditor's note · Context
Reed points out the significant financial losses due to poor risk management.
Share
More from Jack Reed
Jun 9, 2026
Preventable deaths, inhumane conditions, and millions of dollars in waste are the direct result of the Pentagon cutting corners and handing a billion-dollar contract to an inexperienced vendor that wrote its own performance standards.
May 13, 2026
it is not enough that President Trump has injected chaos and inflation into the economy with his illegal tariffs, unauthorized war, and his so-called Big Beautiful Bill. He is also stripping protections for average Americans against being…
Mar 21, 2026
No, I will not yield. By the way, these mandates and requirements would be effective immediately, meaning they must be implemented for the 2026 election, which, I should point out, is already underway. There are primaries that have been…
Dec 9, 2025
today, I am introducing the Building Resilience and Stronger Communities Act, along with Senator Murkowski of Alaska. Our bipartisan bill would reinstate the Building Resilient Infrastructure and Communities, BRIC Program at the Federal…
Other voices in this conversation
