I guarantee we will be having hearings later this year on the proposal. My own view is that some form of insurance would be there. The most unjustified risk premium being paid in America is by those municipalities that issue particularly full faith and credit general obligation bonds. I welcome the gentleman as someone with the municipal government experience that he's most recently had, and I look forward to drawing on that experience as we help correct this situation.
Barney Frank: “I guarantee we will be having hearings later this year on the proposal. My own view is that some form of insurance would…”
On the recordJanuary 14, 2009
Source
govinfo.govEditor's note · Context
Discussing future hearings on insurance for municipalities and unjustified risk premiums on bonds.
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