On the recordMay 18, 2016
I think it is clear that the American economy has been underperforming for a number of years now.
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congress.govI think it is clear that the American economy has been underperforming for a number of years now.
Toomey attributes economic underperformance to overregulation, particularly in financial services.
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Congress can and should offer a sensible approach for the domestic regulation of these activities.
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 that there are a number of ways that you can go about creating a regulatory regime to take account of that risk.