Chairman Powell, I want to thank you for bringing to the attention of this committee over the last several years the systemic risk posed by tough legacy London Interbank Offered Rate (LIBOR), some $16 trillion of instruments where we would not know the interest rate that the debtor is supposed to pay the creditor, and $16 trillion is a big problem.
Sherman highlights the significant risk of LIBOR and the need for timely regulations.
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And now it is critical that we provide weapons to Taiwan because an invasion of Taiwan would be an even worse outcome for our national security.
I predict someone will introduce a resolution of disapproval and I invite members of this committee who have worked with us to prevent nuclear weapons in the Middle East, from non-democratic countries, to join in that effort.
As a private citizen who has been the subject of SEC enforcement—and as someone with an outspoken personal vendetta against the agency and its mission—Mr. Musk's involvement in any decisions regarding the future of the agency is highly…
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