Posey acknowledges the chairman and concludes his remarks.
04/25/2023
https://congress.gov...
The autopsy has, frankly, shown that it was not the insurers that caused the problems for AIG as a holding company.
I believe Mr. Morrison hit the nail on the head when he said the solution is more about accountability than it is new regulation.
I support fiduciary standards, but they must be clear, they must be unambiguous, and they must not be conflicting.
Clearly, Madoff was not empowered by a lack of loss. He was empowered by a lack of enforcement.