The outgoing Sherrod Brown addressing the Senate Committee on Banking, Housing, and Urban Affairs:
This committee must ready itself for the fights and challenges ahead:
Rising housing costs, private equity infiltrating more and more of our economy, insurance costs going up, risks building up in the private credit market, new technology that’s increasingly being used in our financial system – from algorithmic prices to AI to crypto.
All these risks have one thing in common: they all have the potential to take even more money away from working Americans…and funnel it to the same corporate elite that always seem to come out ahead.