"the proper formulation for the debate at present is not whether insurance regulation should be State or Federal, but whether there are areas in which Federal involvement in regulation under the State-based system is warranted."
"In all events, Federal involvement should be targeted to areas in which that involvement would solve problems resulting from the legal and practical limitations of regulations by States."
"It seems to me that you have some safeguards in there."
"Will your competition guarantee when the dust settles that all of the areas will be covered, rather than have great programs in one area and nothing in others?"
"let's cut this out and let's move this country forward."
"the amount of stability that you gave to the housing market, particularly for the lower income and middle income and sustainability deserves four stars, or five stars, not this."
"There is no credibility on that side of the aisle when it comes to the financial stability of this country."
"this isn't a hearing. This is a sham, and not only is it a sham, it is a shameful sham of deceit."
"This is certainly a fascinating hearing."
"And would not this turning this on its head eliminate all of the provisions intended to protect preferred stock investors?"
"I think it is important that the first question I want to ask is that by permitting the BDCs to invest all of these funds in financial firms instead of the nonfinancial small businesses, would not tha..."