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Latest Fact-Checks In Financial Regulation

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Kendrick Meek
Kendrick Meek
stated on July 26, 2010 in a television ad:
"Warren Buffett called (Jeff) Greene's scheme 'financial weapons of mass destruction.' "
False
By Angie Drobnic Holan • July 30, 2010
David Gregory
David Gregory
stated on July 25, 2010 in an interview with Treasury Secretary Timothy Geithner on NBC's Meet the Press:
"25 percent of our economy is the financial sector."
Mostly False
By Louis Jacobson • July 28, 2010
David Segal
David Segal
stated on June 17, 2010 in a statement on his campaign website:
"As Washington debates cracking down on the big Wall Street banks, I’ve passed legislation that does so."
Mostly False
By Cynthia Needham • July 7, 2010
Jeff Greene
Jeff Greene
stated on June 22, 2010 in a Democratic U.S. Senate debate against Rep. Kendrick Meek:
"If there were not derivatives, there would be no bank loans at all today."
Mostly False
By Lukas Pleva • June 28, 2010
Kendrick Meek
Kendrick Meek
stated on June 22, 2010 in a Democratic U.S. Senate debate:
Jeff Greene "is the king of the undercover Credit Default Swap that brought about the destruction of our economy that we have right now."
Mostly False
By Aaron Sharockman • June 22, 2010
Rahm Emanuel
Rahm Emanuel
stated on June 20, 2010 in an interview on "This Week.":
"In the case of General Motors, the (Bush) administration wrote a check without asking for any conditions of change."
False
By Angie Drobnic Holan • June 21, 2010
Meg Whitman
Meg Whitman
stated on April 16, 2010 in a campaign commerical:
Steve Poizner "increased his department's budget nearly 14 percent."
False
By Louis Jacobson • May 20, 2010
Lainey Melnick
Lainey Melnick
stated on April 23, 2010 in an e-mail blast:
Says U.S. Rep. Lamar Smith supported the $700 billion Wall Street bailout in 2008, "but now he is standing in the way of reforms that would assure these bailouts would never happen again."
Mostly False
By W. Gardner Selby • May 19, 2010
George Will
George Will
stated on May 9, 2010 in a roundtable discussion on ABC's This Week:
Sen. Robert Bennett, R-Utah, cast votes for TARP, the stimulus, and an individual mandate for health care.
Mostly False
By Louis Jacobson • May 12, 2010
Florida Democratic Party
Florida Democratic Party
stated on May 8, 2010 in a press release.:
"McCollum admitted he didn't think that the subprime mortgage crisis was a big deal, telling reporters he thought that the subprime collapse had been exaggerated by the media and investors and that 'it's not the end of the world.' "
Pants on Fire!
By Aaron Sharockman • May 11, 2010
Ed Whitacre
Ed Whitacre
stated on April 21, 2010 in a TV ad:
GM has "repaid our government loan, in full, with interest, five years ahead of the original schedule."
Half-True
By Robert Farley • April 27, 2010
Sherrod Brown
Sherrod Brown
stated on April 25, 2010 in an interview on "This Week.":
"Fifteen years ago, the assets of the six largest banks in this country totaled 17 percent of GDP ... The assets of the six largest banks in the United States today total 63 percent of GDP."
True
By Angie Drobnic Holan • April 27, 2010
Sherrod Brown
Sherrod Brown
stated on April 25, 2010 in an interview on ABC's This Week:
The financial services bill will end "too-big-to-fail."
Mostly False
By Louis Jacobson • April 26, 2010
Bob Corker
Bob Corker
stated on April 25, 2010 in an interview on ABC's This Week:
The Banking Committee voted a 1,336-page bill "out of committee in 21 minutes with no amendments, with the understanding that before the bill came to the floor, we would reach this bipartisan agreement."
Mostly True
By Catharine Richert • April 25, 2010
Harry Reid
Harry Reid
stated on April 19, 2010 in a Senate floor speech:
The financial services regulatory bill "will end taxpayer bailouts."
Mostly False
By Angie Drobnic Holan, Louis Jacobson • April 21, 2010
Mitch McConnell
Mitch McConnell
stated on April 14, 2010 in a press conference:
New financial regulation "actually guarantees future bailouts of Wall Street banks."
False
By Angie Drobnic Holan, Louis Jacobson • April 20, 2010
Richard Shelby
Richard Shelby
stated on March 25, 2010 in a letter to Treasury Secretary Timothy Geithner:
"The bill reported out of committee sets up a $50 billion slush fund that, while intended for resolving failing firms, is available for virtually any purpose that the treasury secretary sees fit."
False
By Catharine Richert • April 16, 2010
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