Kevin McCarty: “It seems to me that much of the legislation and hearing activity in this committee results from the unintended…”

When you try to harmonize those two, you're creating the potential for great disruption in the delivery of different services in the marketplace, a potential raise in prices for consumers in the United States and potentially jeopardizes…

There is no amount of higher loss absorbency that you could have put in or contemplated that would have prevented the meltdown of AIG.

Absolutely. I think for all intents and purposes, if you look at insurance, the diversification of risk actually helps minimize systemic risk.

It would really be in the best interests of American companies and American consumers to have the regulators who regulate insurance actually have a voice on the FSB.