Richard Shelby actually said...

The spectacular failure of AIG sent shockwaves throughout our economy, and led to a $170 billion bailout by the Federal Government.

Shouldn't that be an appropriate study somewhere?

But aren't a lot of the problems that we have encountered that insurance, and, of course, banks, too, are involved in things without adequat...

These events revealed that comprehensive insurance regulation must be a part of our reform effort.