Did it not occur to somebody to bring the financial institutions together and say, hey, you probably ought to consider a different way of establishing your floating rate resets because there is this integrity problem?
Toomey questions why regulators didn't address LIBOR's integrity issues sooner.
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Instead of pushing a reckless tax-and-spending bill, the Administration should look to opportunities for bipartisan legislation.
We should not pay for an infrastructure package by borrowing billions more dollars, but that is precisely what happened with this law.
There was unauthorized lending of customer assets to an affiliated entity, and there were apparently fraudulent promises to investors and customers about FTX's operations.
Cryptocurrencies can protect against inflation when Governments irresponsibly manage their own currencies.
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