Peter Welch actually said...

There was a total lack of regulation. They didn't have any margin requirements, and it led to outsize risk taking.

Welch emphasizes the lack of regulation that contributed to financial risks.

02/09/2011

More Peter Welch Quotes

I do not want to see an Internet that is divided into the haves and the have-nots.

And political advocacy is fine, but do it in the daylight, not in the dark.

I totally agree with that. But no one should be allowed to abuse the 501(c)(4) status.

It's not a tax exemption, as Mr. Issa mentioned, but it's a way of funneling money under the cover of doing social welfare work which is rea...