I am sympathetic to the problem. Obviously, if somebody has been cheated, they ought to be made whole, but I am a little concerned that socializing this cost means spreading it among perfectly upstanding firms that have not done anything wrong to cover that which is done by bad actors.
Toomey addresses concerns about the Compensation for Cheated Investors Act's funding implications.
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But that does not mean that Congress should be throwing even more billions of Federal taxpayer dollars at them to build out more services for riders they do not have.
Democrats' wasteful spending, growth-killing regulation and excessively accommodative monetary policy are exactly what led to 40-year high inflation.
We owe it to each customer to get to the bottom of the FTX implosion, and any violations of the law should be aggressively prosecuted.
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