Jack Reed actually said...

I think it is critically important that from an investor's standpoint, if a servicer is not following their responsibilities under the agree...

In the absence of TRIA, we wind up creating a gaping hole in that plan.

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

There is another dimension to terror attacks that really was not so obvious in 9/11, and that is cyber security.