Jack Reed actually said...

We have 12.7 percent unemployment, and as I said in a previous meeting, we have houses that are under water.

Senator Reed highlights the high unemployment rate and housing crisis in Rhode Island.

04/14/2010

More Jack Reed Quotes

But one of the premises is 10-percent private capital up front. The question is: Is that sufficient? Or is it too much?

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.