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. - Howard Baker

Famous Quotes / Howard Baker

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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."

Howard Baker's Quotations

Quotations about

Agency	Approach	Bank	Effect
Eighties	Federal	Loan	Loans
Managed	Merchandise	Over	Packaged
Principle	Savings	Sell	Similar
Situation	States	Them	Themselves
Took	Tools	United	Variety

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