Pat Toomey: “Clearly the NFIP systematically underprices flood insurance, and frustratingly, it is the policies of Congress that are…”

I think that there are a number of ways that you can go about creating a regulatory regime to take account of that risk.

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.

I think there is a case to be made that there should be a regulatory regime on disclosure requirements for an issuer.

As I've said before, Government, and especially this Administration, have often been the problem, not the solution, when it comes to housing.