05/15/2012
https://congress.gov...
"Look, as a strong proponent of the State-based system, I think it is a tremendous example of States' rights and something that has worked significantly well."
"And should we not have somebody at the table with insurance experience and a regulatory scheme at the table with the IAIS, instead of somebody in a regulatory scheme for the Federal Government?"
"I think we do monitor well, and I think Mrs. Wade has--has testified to that, as have all the other 50 States who have done very well in protecting their consumers."
"They can't afford it. They are going to eventually have to register as an investment adviser and--"