On 2/3/2022, Senator Kennedy said, “you said, don’t give the money to oil and gas. Let them go broke. Because in my opinion they’re bad for the environment.”

“It was written in a context, senator, that had to do with emergency lending. It did not have to do with the context of supervision,” Sarah Bloom Raskin responded – drawing a distinction between the Fed’s role and the distribution of emergency cash.

“You said it, you ought to own it,” Kennedy responded. “You said it, you ought to own what you said. I’d respect you more if you did.”

“I hear you say this. But the problem is the huge document documented weight where you have said something very, very different,” Toomey said. “There is no reasonable reading of these articles and speeches that can come to a conclusion other than that you want to be allocating capital away from those industries that are generating large amounts of CO2.”

“She’s repeatedly, publicly, and forcefully advocated for using financial regulation—including the Fed—to allocate capital and de-bank energy companies,” Toomey said of Biden nominee Sarah Bloom Raskin in his opening statement.

Raskin is up for a job as the vice president for supervision at the Fed. Toomey cited numerous podcasts, speaking appearances and articles Raskin wrote in which she advocated for such climate policies.

https://facebook.com/HygoNewsUSA/videos/899955090667951/
Raskin: made myself completely clear; Kennedy: big as Dallas; Toomey: said something very different