Friday, April 17, 2009

The Sen. Burr financial plan

Posted By on Fri, Apr 17, 2009 at 9:53 AM

Missing the point, Sen. Burr says reporters and bloggers didn't get the story right.

Here's the point: as a U.S. Senator and representative of North Carolina (and supposed leader), telling large crowds of people that you instructed your wife to run on the banks last fall during the banking crisis is not setting a good example. Were the fine citizens of this great state — home to Charlotte, one of the countries banking hubs — to take your lead, we'd all be in big trouble.

U.S. Sen. Richard Burr downplayed the flap over his withdrawing money from an ATM during last fall's banking crisis, saying he did what many people did.

Burr, a Winston-Salem Republican, said Thursday that there were questions about the liquidity of the banking industry that led to the first emergency federal bailout. So while he was in Washington, he called his wife, Brooke, at their Winston-Salem home, and asked that she withdraw $500 from an ATM over the weekend.

“There are individuals in this country who keep cash at home,” Burr said in an interview after a talk to officials from the biopharmaceutical industry. “I don't happen to be one of those. I live from ATM machine to ATM machine. The reality is, when you look at the financial industry that is not exchanging capital, it immediately says you better have a little bit of cash set aside.”

Read the rest of this Charlotte Observer article here.

Watch Keith Olbermann declare Sen. Burr the "Worst Person in the World" earlier this week:

Tags: , , , , , ,

Pin It
Submit to Reddit


Subscribe to this thread:

Add a comment

Creative Loafing encourages a healthy discussion on its website from all sides of the conversation, but we reserve the right to delete any comments that detract from that. Violence, racism and personal attacks that go beyond the pale will not be tolerated.

Search Events
items in Creative Loafing Charlotte More in Creative Loafing Charlotte pool

© 2018 Womack Newspapers, Inc.
Powered by Foundation