I look forward to working with you and other Members of this Committee to figure out how we can shrink back the liability of a taxpayer while still providing the security for the individuals who want the loans.
Toomey emphasizes the need to reduce taxpayer liability while ensuring loan security.
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As I've said before, Government, and especially this Administration, have often been the problem, not the solution, when it comes to housing.
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.
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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