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Jack Reed actually said...

The governance structures, the firm managers, and sophisticated models all failed to capture the magnitude of the risks that were building.

03/17/2009

https://www.congress.gov...

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"I want to commend you for all your efforts to assist veterans."
"And the irony to me is that if there was a good Volcker Rule in place, they might not have been able to do this because it clearly does not seem to be hedging customer risk or even the overall exposur..."
"But that leaves us in a situation of how do we build in, because our responsibility--build in rules and regulations that prevent, as you would say, well-intentioned, extremely bright people from doing..."

View All Jack Reed Quotes

Jack Francis Reed

in office

usa, Rhode Island

2,876 Quotes

Born11/12/1949 (age 75)

PartyDemocratic

  • United States Senator

    1/7/1997 - present
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