Jack Reed actually said...

I think having that Federal backstop reassures the insurance industry that, for catastrophic risk, none of them will go under.

Reed emphasizes the importance of federal support for the insurance industry after disasters.

09/24/2013

More Jack Reed Quotes

To be effective, knowledge of the facts must be actually brought home to the investor.

If they 'go dark,' bad things happen in the dark.

I think we all have to be much more creative, and I think you have to be much more demanding in terms of those types of performance ends you...

So that there is no legal ability for the Department of Treasury to veto your decision.