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Make the financial industry pay for its mistakes. That's the idea behind the best of the Obama administration's reform proposals: If banks issue securities backed by mortgages, say, then require them to hold some of that paper so that they will bear some of the losses.
David Ignatius
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"Make the financial industry pay for its mistakes. That's the idea behind the best of the Obama administration's reform proposals: If banks issue securities backed by mortgages, say, then require them to hold some of that paper so that they will bear some of the losses."
— David Ignatius #moneywealth

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Make the financial industry pay for its mistakes. That's the idea behind the best of the Obama…

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Make the financial industry pay for its mistakes. That's the idea behind the best of the Obama administration's reform proposals: If banks issue securities backed by mortgages, say, then require them to hold some of that paper so that they will bear some of the losses. — David Ignatius

About David Ignatius

David Ignatius was a Journalist from United States (1950–present).

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Who said "Make the financial industry pay for its mistakes. That's the idea behind the be…"?
This quote is attributed to David Ignatius, a Journalist from United States.
When did David Ignatius live?
David Ignatius lived from 1950 – present.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.