Political Quotes

Jack Reed: “This financial crisis has demonstrated that, contrary to the presumption of many, financial institutions were unprepared…”

On the recordMarch 17, 2009
This financial crisis has demonstrated that, contrary to the presumption of many, financial institutions were unprepared and in many cases incapable of adequately assessing the risks that they were bearing on their books.
Said by
Jack Reed
Democratic · Rhode Island

Editor's note · Context

Reed highlights the unpreparedness of financial institutions during the crisis.

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