Jeb Hensarling actually said...
The world works off of incentives. If I was the credit card company and you wouldn't allow me to recoup my fraud prevention cost, and you would allow me to recoup my fraud cost, I guess I would allow fraud in the system. My guess is that it would not be good for our economy.
Context
Hensarling discusses the economic implications of fraud prevention costs.
02/16/2011