On the recordMarch 27, 2012
However, a $1.6 billion loss of customer money is not a risk that should exist in an effectively regulated free market.
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congress.govHowever, a $1.6 billion loss of customer money is not a risk that should exist in an effectively regulated free market.
Neugebauer emphasizes the unacceptable loss of customer funds in a regulated market.
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I remain concerned that many of the Bureau's actions demonstrate a regulatory paternalism.
the role of Congress is for transparency and integrity of the markets. That is our goal.
We have to stop that and we have to stop it now because, quite honestly, we are reaching, I think, a tipping point in this country with $16.6 trillion in debt.
We simply can't afford to have these agencies miss opportunities to implement low-cost mitigation measures.