05/30/2023
https://www.congress.gov...
"So you could have essentially a system in which some are regulated and some are not."
"But here, again, I think Senator Shelby's comments go right to the heart of what our job is."
"But here is the situation. You have a prominent fund that miscalculated, in the case of the experience in 2008..."
"One of the issues that was also raised by Senator Shelby is that your testimony about 300 essentially situations where the sponsor of the fund stepped in and provided capital..."