Famous Quotes / Howard Baker
Howard Baker: "On the bad loans themselves, all I will say is that we had a similar situation in the United States in the eighties with our Savings and Loan, and we did approach it with a variety of tools, but the principle one was a federal agency that in effect took over those bad loans and took them out of the bank, packaged them, and then managed to merchandise them, to sell them."
Agency | Approach | Bank | Effect |
Eighties | Federal | Loan | Loans |
Managed | Merchandise | Over | Packaged |
Principle | Savings | Sell | Similar |
Situation | States | Them | Themselves |
Took | Tools | United | Variety |