You took your time. You are trying to do it right.

I look forward to working with you as we move forward to get it right.

I have always believed that. Even when there were regulators that I didn't agree with, I have always thought that regulators, like most Members of Congress, are good people trying to make the world a better place.

I think that each of you should be prepared, not from me, but at some point during this hearing, someone may as well just ask you, why do you hate America?

This is an important and a complicated subject that will bring out a lot of important issues that I look forward to discussing today.

I think you have advocated for a while now very effectively a very strong States' rights approach towards insurance regulation, and I respect that.

The insurance industry has clearly and unequivocally changed over the years, as you have said yourself, and become much more complicated.

I guess what I wouldn't want is to use the fact that we have these in place for specific reasons to open the floodgates of saying, we don't need State regulation anymore.

I didn't hear anybody who actually said that you would rather have the Fed doing this than FIO.

I do believe that slowly but surely over time we are going to come to a more federalized system.

Some people might want to reduce that number and deal with only 30 or whatever the number might be.