Jack Reed actually said...

the 'too big to fail' is a form of implicit subsidy from the taxpayer, which lowers the cost of funding for these derivative transactions.

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

02/03/2010

More Jack Reed Quotes

Let me pose a question again to both of you that arises consistently, and that is if the failure to ratify this New START would create a sit...

It's important to have certainty in this program and it's important that the workforce understand that the Nation really cares about this pr...

Thank you very much, Mr. Chairman.

We both have the interest in, on one hand, allowing people to inspect and verify the relevant data, the critical data on numbers of systems.