Senator Bob Corker Needs to Be Updated on His Bank Failure History
by ilene - February 2nd, 2010 7:08 pm
Senator Bob Corker Needs to Be Updated on His Bank Failure History
Courtesy of Reggie Middleton
Senator Corker challenged Mr. Volcker’s stance in today’s congressional hearings on the Volcker Rule by saying that no financial holding company that had a commercial bank failed while performing proprietary trading. It appears as if Mr. Corker may have received his information from the banking lobby, and did not do his own homework.
Let’s reference the largest commercial bank/thrift failure of all: