GARY G. MILLER: “Whether you support GSEs or not, if they are out of the marketplace in this market, it could be devastating.”

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.

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.

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

While I strongly believe in coordination among international regulators, we must resist the tendency of pursuing a one-size-fits-all approach.