I greatly appreciate your generosity. Thank you.
Thank you, Mr. Chair. Greetings to all of you.
I have a question for Ms. Menke. You said that your agency plays an education role for consumers with regard, obviously, to financial products and services that they can purchase. Last spring, the Finance Committee heard from numerous witnesses, not groups, but citizens who came to speak about their dismay because they had bought a great deal of commercial paper. Several of them had invested, I would say, almost all of their savings in that vehicle. They had suffered enormous losses and had depleted their retirement funds.
Does your agency conduct analyses of the precarity or the volatility of these papers? Did you issue warnings to consumers concerning the enormous risk they were taking by investing therein?