I don't think anybody is going to defend the concept of the structure of the GSEs to believe that the taxpayer should be put at risk, yet the private sector should make the profits.
GARY G. MILLER: “I don't think anybody is going to defend the concept of the structure of the GSEs to believe that the taxpayer should be…”
Editor's note · Context
Miller criticizes the GSEs for risking taxpayer money while allowing private profits.
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While I strongly believe in coordination among international regulators, we must resist the tendency of pursuing a one-size-fits-all approach.
For the past century, and through multiple financial crises, the State-based insurance regulatory system in the United States has been successful and has protected policyholders.
It is essential that Congress fully understand the impact international regulatory standards will have on the competitiveness of U.S. insurers.
I have some real concerns with that. I have had a concern with the definition between subprime and predatory for years, and I am glad to see we are going to finally deal with it.





