If any institution engages in activities like securities financing transactions, those activities should absolutely--absolutely--be subject to the same capital rules as banks.
Editor's note · Context
Toomey emphasizes the need for capital rules for risky financial activities.
Share
More from Pat Toomey
It's a budgetary gimmick that has the intent of making it possible to have a huge explosion in unrelated spending. This is not what this bill was about. We can fix it. We can do it immediately.
I have no doubt that a few years after these projects are completed, transit agencies will come back to Congress pleading for still more subsidies to operate systems that have become far too large for the demand.
If Congress is serious, if we are serious about the threats that face us, regardless of the politics, it must be similarly serious about supporting American innovation.
it is impossible for me to understand how it is a faithful implementation of the law to systematically exclude the vast majority of deferred maintenance categories.





