GARY G. MILLER: “Sequestration is the big elephant in the room that seriously threatens the stability that we thought we had achieved.”

We are starting to see a rebound in the housing market, and that is really important to the economic recovery of this country and for job creation.

Whether you support GSEs or not, if they are out of the marketplace in this market, it could be devastating.

I enjoyed your opening statement. You talked about empowering consumers, fair, transparent, and competitive marketplaces, and dealing with bad actors.

On the recent ruling on Basel III, you acknowledge insurance companies are very different from banks, and you postponed any negative decision on that. I think that was a very, very wise move.