Political Quotes

Mike Rounds: The fundamental fact is, you know, the firm failed because of its interest rate risk and its liquidity risk.

On the recordMarch 28, 2023
The fundamental fact is, you know, the firm failed because of its interest rate risk and its liquidity risk.
Said by
Mike Rounds
Republican · South Dakota

Editor's note · Context

Rounds highlights the reasons for the bank's failure related to risk management.

Share

More from Mike Rounds

Jul 29, 2026

Quantum technologies are critical to the future of warfighting at home and abroad.

rounds.senate.gov
Jul 25, 2026

The students selected to attend the Air Force Academy are some of our nation’s best and brightest, and we must continue to provide them with a quality educational experience that prepares them to defend our country.

rounds.senate.gov
Aug 20, 2026

Anyone who has spent time around cattle understands one simple truth: no grass means no cattle.

rounds.senate.gov
Sep 7, 2026

In closing, I offer my strong endorsement for Mr. Clayton to serve as the next Director of National Intelligence.

rounds.senate.gov

Other voices in this conversation