I am sympathetic with what my colleague is trying to achieve. There is an equity interest he has identified that I think has legitimacy. The question is, How do we satisfy that in a actuarially sound program? I commend him for the idea. I am grateful to him for withdrawing the amendment. It gives us a chance to work on it and examine it in a way that will hopefully satisfy him.
Discussing equity interests related to levee premiums and the implications for real estate costs.
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I frankly don't see the sovereignty issue as playing a role as an impediment as much as the sheer ability of the cartels to corrupt.
I'll tell you, one of the things I feel very good about is that there are people like Bob Menendez, who care about these issues.
The truth is that the catastrophe was years in the making caused by regulatory negligence and Wall Street gambling.
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