There is no system that is built to withstand an insolvency the size of the notional value of the credit default swaps AIG was invested in.
Given the importance of insurers in our markets and overall economy, I believe we should at least consider whether additional Federal oversi...
Today, the Committee will once again consider insurance regulatory reform.
Even before the start of the present financial crisis, there were legitimate questions about whether our insurance regulatory system was ade...
I agree with everything that you and your colleagues said, for whatever my humble opinion is worth, that those bonuses should not be paid to...
I think we are going down the road of looking at a very comprehensive regulator for all our financial system.
Thank you, Chairman Dodd.
It looks to me like they would be intertwined some.
Recent events--most prominently, the stunning collapse of insurance giant AIG--have only further demonstrated the pressing need for a review...
I think that as we hold more hearings, we are going to see that this is very complex.
Governor, over the past year, our largest bond insurers have teetered on the edge of collapse due to imprudent bets on the value of mortgage...