The regulation of the insurance industry is significantly different from the bank industry.

So we should have passed TRIA. And I agree.

I would just ask you to please revisit with earnestness what we have done here because I think we are going at the wrong people, trying to resolve a legitimate problem.

I want to thank you for being generous and granting me more time.

But I think we have done it nationally and impacting 80 percent of the marketplace in a very, I think, negative way at the worst time.

I think the time is right to treat cities and towns and States and county governments the same as all corporations.

the situation needs to be addressed today.

I want to give the SEC real authority to oversee the municipal securities market.

Congress does not need to put the American taxpayer on the hook for more losses.

Nobody that I know in a local government wants to waste it. We may have different views as to what to do with it, but we want to be able to use it to the benefit of our taxpayers and our constituents to the best of our ability.

If you had the audacity or any of my mayors, any of your mayors had the audacity to leave that kind of money sitting on the table, if you had something to do about it, first of all, I think people would know about it, second of all, I…