GARY G. MILLER: “I think we are in far worse shape than people want to recognize and understand truly.”

The rules being proposed are bank-centric and do not take into account the fundamental differences between how banks and insurance companies operate.

I just think everybody should be treated equally.

I would be concerned that the proposed rules do not take into account the different business models and risk profiles of insurance companies.

If you look at the design of FHA, they were intended to play a countercyclical role, and in this downturn, that is exactly what they did as the private market withdrew, they moved in.