Pat Toomey: “Thank you very much, Chairman Reed, for this opportunity to welcome Dr. Chester Spatt.”

Under the Biden administration, the cost of housing has skyrocketed.

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.

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

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