I think at least implied is that the regulation in insurance had failed, but I really do not see any evidence of that.
Editor's note · Context
Bachus defends the effectiveness of insurance regulation amidst calls for a federal regulator.
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Our loan was turned down not because of our credit. We had perfect financials and had been working with the same manager for 20 years. It was just because question sell guns, and they said that to us specifically, you sell guns.
If you are imposing costs on the system, you should have to internalize them.
I just want to make a statement about Government investment in infrastructure, the space program, the hundreds of millions of dollars that the Federal Government, through taxpayer money, spent to prepare to turn that industry over to the…
I claim the time in opposition, although I am not opposed. The CHAIR. Without objection, the gentleman from Alabama is recognized for 5 minutes. There was no objection.





