Does anyone truly think these activities are within the Fed's statutory mandates? Of course not.
Editor's note · Context
Toomey questions the appropriateness of the Fed's involvement in political issues.
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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.
If Congress is serious about the threats that face us, it must be similarly serious about supporting American innovation.
I think you have said that you think we still, nevertheless, need to have some kind of outbound investment review mechanism, even though you have just said we already have the authorities to prevent any kind of technology transfer.
We should avoid the temptation to adopt new so-called tenant protections or permanent rental assistance that will have negative unintended consequences.





