Political Quotes

Jack Reed: “But I would say this, Senator, is legislating these numbers may be locking in to a position where a regulator could do a…”

On the recordOctober 30, 2013
But I would say this, Senator, is legislating these numbers may be locking in to a position where a regulator could do a better job if they were required to be transparent, use econometric modeling, use the data elements of the loans that are being distributed, and make certain that the catastrophic position of the Government is never breached.
Said by
Jack Reed
Democratic · Rhode Island

Editor's note · Context

Senator Reed argues for regulatory flexibility over fixed capital standards.

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