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Wednesday, September 17, 2008

Senators Gregg and Dodd: No More Shoes About to Drop

by Calculated Risk on 9/17/2008 12:45:00 PM

From NPR: Sens. Dodd, Gregg: No More Bailouts On The Horizon

Senator Gregg: “I don’t see any shoes out there that meet the standards of Freddie Mac, Fannie Mae or AIG.

Senator Dodd: “I agree with that.”

NPR: "Meaning there won't be another huge huge bailout of this kind? You don't see one on the horizon?

Gregg: “I don’t see any entities out there that appear to be in trouble that meet this type of standard--that they would melt down the entire system if they went under.”

Dodd: "Some banks. Some banks, some regional banks, but nothing of the size of AIG, Lehman Brothers or Merrill Lynch."
Audio is at NPR.