Earl Pomeroy: “In May 2010, Senator Casey introduced S. 3157 under the title of Create Jobs and Save Benefits Act of 2010.”

I believe that when it is a securitized issue spread around with no remote concept of insurable interest, you raise profound questions about whether or not this tax incentive ought to apply anymore.

It is really on its face absurd. And I appreciate very much the leadership of this Committee in giving us these kinds of fora to have us sit in the sun and dissect it a little bit.

Thank you. Let me just say a couple words for the record.

I believe you are going to play critical roles in getting us back on track.