Richard Shelby actually said...

Over the past 2 years, we have seen how problems in our insurance markets can disrupt our national economy.

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

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.