GARY G. MILLER

No borrower with common sense would use FHA over private sector mortgage insurance, because of cost alone, if it were available.

But you have lenders right now who are really keeping capital out of the marketplace because they don't know what is going to happen.

Sequestration is the big elephant in the room that seriously threatens the stability that we thought we had achieved.

Sequestration will have dire consequences for rural America which, in many ways, depends on aviation much more than any other part of our country.

To preserve the countercyclical role, FHA must lessen taxpayer exposure.

There is no question that robust capital standards, when properly applied, will help protect our economy.

Under the proposed rule, the bank-centric standards will be detrimental to insurance companies.

But when we proceed with caution, such standards can actually be detrimental to our economy if not properly applied.

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

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.

Yes. I understand that. But did the employees of the New York Fed who were involved in market surveillance tell you of this conversation or perhaps others like it, that it was not just theoretically possible but participants in LIBOR…

But, Mr. Secretary, this conversation is not just about the vulnerability of LIBOR to manipulation, but, in fact, an admission that it was, in fact, being manipulated, that there were false reports being filed by someone who was involved…

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.

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

But the idea behind an Inspector General, which I have come to admire, is that there is an independent watchdog within agencies...

the one thing I guess that just keeps going through my head is how are you going to market your products? Because China, the people of China, do not trust us.

we, the United States, should lead by example. We have an open capital market. That is the right message to send to emerging markets.

Part of my question is, does the Dodd-Frank Act go far enough? Or should we have done more to take apart the big banks?

This country believes in free trade and open markets, and we have, I believe, demonstrated that to China over the years.

And to say we are going to make life more difficult for people trying to gain employment by making it more difficult for them to have a job, and then implementing this complex burden on American companies to have to prove something isn't…

Shame on us. Shame on us. We are better people than that.

The fact is that Section 1502 is working for investors and for the people of the Congo.

The problem is the Democratic Republic of the Congo is controlled by warlords and thugs.

I utterly reject attempts to say that 6 million lives are not factored into the costs--and the modest costs--of due diligence to outsource the war on women.

All investment professionals should be subject to consistent examination and oversight, which is why bipartisan legislation I am introducing this week establishes one or more self-regulatory organizations to oversee retail investment…