We only need to look at U.S. economic history to see how thinly capitalized banks have . . . made our financial system vulnerable to unanticipated economic shocks and how a crisis in the banking system quickly infects the rest of our economy.
Shelby reflects on historical banking crises caused by insufficient capital in banks.
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Russia's launched multiple hypersonic weapons as part of their invasion of the Ukraine and China is continuing to develop its own hypersonic weapons.
I am concerned about this--what this communicates to both our allies and our adversaries.
As Senator Shelby at our Senate testimony hearing last March pointed out to us, we must maintain what we have before we can build new, and I think he hits the mark head-on.
Deterrence requires spending our limited resources on both offensive and defensive weapons.
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