In a recent op-ed published in Politico, prominent financial figures including Mark Calabria, Tom Hoenig, Aaron Klein, and Dennis Kelleher expressed a unified stance against government bailouts for private investors. They argue that such actions undermine market discipline, particularly in light of the Financial Stability Oversight Council's (FSOC) suggestion for Congress to create a backstop for mortgage servicers. Critics, including Sheila Bair, have highlighted concerns that this proposal would lead to expectations of taxpayer guarantees for mortgage servicers, further eroding market accountability. Additionally, legal experts from Simpson Thacher have warned that private credit has yet to face a significant financial crisis, urging lenders to enhance their portfolio management and restructuring capabilities. The discussions reflect ongoing tensions regarding the role of government in financial markets and the implications for taxpayer responsibility.