I agree with lifting the ban. I also believe that as the Federal agency which is charged with protecting the markets, facilitating capital formation, and protecting investors, it is important that we look at those investor protection concerns as well.
Fitzpatrick supports lifting the ban but emphasizes the need for investor protection.
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Transparency and government accountability is what sets the United States of America apart from most other countries in the world.
But what concerns me more is that my constituents have come to expect this type of behavior from the Administration.
It is my hope, Mr. Chairman, that we can come together to understand what the FDIC's involvement was in these practices and create a bipartisan solution to ensure that this never happens again.
How is it the rating agencies get to pick and choose what debt they are going to rate and what debt they are not going to rate, especially when it affects small investors in the United States of America?
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