Banks understand they are exposed to weather risks, and they provision for them.
Editor's note · Context
Toomey discusses banks' awareness of weather-related financial risks.
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I think you have said that you think we still, nevertheless, need to have some kind of outbound investment review mechanism, even though you have just said we already have the authorities to prevent any kind of technology transfer.
I have no doubt that a few years after these projects are completed, transit agencies will come back to Congress pleading for still more subsidies to operate systems that have become far too large for the demand.
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.
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.





