Political Quotes

Jack Reed: “The 'too big to fail' is a form of implicit subsidy from the taxpayer, which lowers the cost of funding for these…”

On the recordFebruary 3, 2010
The 'too big to fail' is a form of implicit subsidy from the taxpayer, which lowers the cost of funding for these derivative transactions.
Said by
Jack Reed
Democratic · Rhode Island

Editor's note · Context

Discussing the unfair advantage of large banks due to taxpayer support.

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