Patrick Toomey actually said...

So it seems that a problem with inadequate liquidity is that the rate that is determined might not accurately reflect actual borrowing and lending costs.

Context

Toomey discusses issues with LIBOR's liquidity affecting borrowing costs.

11/01/2021

https://www.congress.gov...

More Patrick Toomey Quotes

Well, and putting perpetrators behind bars makes it impossible for them to victimize the next child, so--
6/7/2015
Human trafficking is a modern form of slavery.
6/7/2015
So, I think that is a really, really important point.
6/7/2015
I think the problem that we are going to discuss this morning and the remedy that we have developed is really very, very important.
6/7/2015

View All Patrick Toomey Quotes