Political Quotes

Herb Kohl: “It is critical that we have this kind of oversight, and regulatory oversight, it was the lack of it that created the…”

On the recordFebruary 23, 2009
It is critical that we have this kind of oversight, and regulatory oversight, it was the lack of it that created the mess that we are in right now?
Said by
Herb Kohl
Democratic · Wisconsin

Editor's note · Context

Kohl emphasizes the importance of regulatory oversight to prevent future financial crises.

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Senator Kohl. But I understand, and I think the records indicate, that your reported loan-to-deposit ratios--your other big banks, their reported loan-to-deposit ratios are 10 to 20 percent higher than yours.

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Don't these stats demonstrate as clearly as can be that the continued importance of the four major record companies is intact?

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