Political Quotes

Jack Fields: “Mr. Chairman, some of the examples we have heard from the other side of the aisle, Milken, Keating, Leeson, they all…”

On the recordMarch 7, 1995
Mr. Chairman, some of the examples we have heard from the other side of the aisle, Milken, Keating, Leeson, they all share something important. Each of these acted with intent. Each of these acted with the intent to defraud. The legislation that we are considering today would not affect shareholder actions against those people or people like them in the future. Those people would be jointly and severally liable. That has not changed in our legislation, and, Mr. Chairman, I think that is a compelling point in ending this debate.
Said by
Jack Fields
Texas

Editor's note · Context

Discussing the implications of legislation on shareholder actions during a committee debate.

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