Political Quotes

On the recordOctober 13, 2011
you have to admit with the AIG example back in 2008, we had many ERISA plans that had billions of dollars in credit default swaps, in more speculative swaps that, but for the taxpayers' rescue and pumping $700 billion to satisfy the calls of Goldman Sachs and a lot of these pension funds, there would have been some--a fair number of ERISA plans that would have been put at risk.
Said by
Stephen Lee Fincher
Tennessee

Editor's note · Context

Fincher warns about the risks ERISA plans faced due to speculative swaps during the AIG crisis.

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