Jack Reed actually said...

Understanding the interdependencies and connections between financial players is one of the keys to assessing where the stress points can be...

I want to welcome everyone to our hearing this morning entitled 'Emerging Issues in Insurance Regulation.'

I think the purpose of this hearing is not so much pressure, but this is an important set of issues.

Thank you for your willingness to serve, Mr. Cordray, in a very difficult time and in a very challenging office.