GARY G. MILLER: “I hope this can be a bipartisan issue, because it is definitely a national issue.”

The private label mortgage-backed securities were a disaster. Most of them were basically predatory loans.

Capital standards need to be set appropriately so they can ensure the safety and soundness of financial institutions without harming the availability of credit to fuel economic growth.

That is a tremendous concern from the insurance industry today, that they are getting into an area the Feds were never authorized to get into.

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.