Barack Obama actually said...

"This is the central lesson not only of this crisis but of our history."

"The central rationale for the program - the difficulty of obtaining flood insurance through either the private market or State programs - simply does not apply to windstorm insurance in most markets."

"Expanding NFIP to cover windstorm insurance would unnecessarily duplicate available insurance products and could 'crowd out' such products where they are offered."

"And with this law, ordinary investors — like seniors and folks saving for retirement — will be able to receive more information about the costs and risks of mutual funds and other investment products."