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Senator Mike Lee - September 22nd, Hour 2

The Sean Hannity Show

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The Banks Are Not Going to Do Anything

I can't even begin to understand it. Banks are nt stupid. They go out ind de their own appraisals. And they also require audited financial statements in order to make a loan. Besides, all these banks apparently been paid back, and there's no damages, and nobody got hurt. It is the fiduciary responsibility of any bank,. Any financial institution onot youlook, you're not dealing with ya local community bank. But these banks are not going to do anything. Can you imagine the f d i c coming into a a big banke saying, oh, you have to put 17 million dollars in reserves because you did follow proper protoca with rating this

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