That is, with respect to this idea that some municipalities have floated that they will, under the justification that they give citing eminent domain, they are threatening to confiscate certain private-label mortgages from investors.
Toomey raises concerns about municipalities threatening to confiscate private mortgages under eminent domain.
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I think that there are a number of ways that you can go about creating a regulatory regime to take account of that risk.
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.
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