I agree with New York's Banking Commissioner Ben Lawsky, who regulates some of the Nation's largest insurers, that applying bank capital standards to insurance is like trying to, as he said, 'fit a square peg in a round hole.'
Toomey supports Lawsky's view on the inapplicability of bank standards to insurance.
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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.
The fact is, across America, every month Americans are falling further and further behind because of President Biden's out-of-control inflation.
Dependency on countries like China poses a huge economic risk and an unacceptable national security risk.
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