H.R. 5840, the Insurance Information Act of 2008: legislation to create a federal insurance adviser within the Department of the Treasury
Kanjorski, McRaith, Rahn, Stephen E., Vice President and Associate General Counsel, Lincoln Financial Group, on behalf of the American Council of Life Insurers (ACLI)
AAA - American Academy of Actuaries - 2008 0729 - 2p
NCOIL - (p14) - Brian P. Kennedy, Representative, Rhode Island House of Representatives, and President, National Conference of Insurance Legislator - 2008 0611 - 2p
ACLI - John Pearson, Chairman, President & Chief Executive Officer, Baltimore Life Insurance Company - Written Testimony - 15p
Senate - Committee on Banking, Housing and Urban Affairs
The Current State of Insurance Regulation, Oversight and Ways to Enhance Consumer Protection, Promote Competition and Efficiency, and to Address What Role, if any, the Federal Government should play
2008 0923 - GOV (Senate) - Turmoil in U.S. Credit Markets: Recent Actions Regarding Government-Sponsored Entities, Investment Banks and Other Financial Institutions, aka U.S. Credit Markets and Federal Rescue Plan, Chris Dodd (D-CT)
p29 - STATEMENT OF THE HONORABLE BEN S. BERNANKE, CHAIRMAN, BOARD OF GOVERNORS, FEDERAL RESERVE SYSTEM
p55 - Ben Bernanke - One of the big problems here we have been confronting over the last year is while there is a well-designed set of principles for dealing with banks in trouble, for nonbanks, whether they be investment banks or insurance companies, or what have you, we don't have those rules.
2008 1006 - GOV (House) - The Causes and Effects of the Lehman Brothers Bankruptcy, aka Financial Market Regulation and Practices Panel 1, Henry Waxman (D-CA)
Nell Minow - Co-Founder and Editor, Corporate Library - I told you so
colorado pension
00:24:25 - Luigi Zingales - Professor - University of Chicago - Graduate School of Business
These managers were also hoping that if a shock occurred, all their competitors would face the same problem, thereby reducing their (reputational?) costs and possibly triggering a government support.
The September 19 decision to ensure all money market funds validated this gamble, forever destroying money market managers' incentives to be careful in regarding to the risks they take.
House - Committee on Oversight and Government Reform
2008 1006 - GOV (House) - The Causes and Effects of the Lehman Brothers Bankruptcy, aka Financial Market Regulation and Practices - Panel 2
House - Committee on Oversight and Government Reform
2008 1014 - GOV (Senate) - The Role of Financial Derivatives in the Current Financial Crisis, aka Hearing to Review the Role of Credit Derivatives in the U.S. Economy, Tom Harkin (D-IA)
Senate - Committee on Agriculture, Nutrition, and Forestry
Tom Harkin (IA), Eric Dinallo (NYSID)
Testimony Dinallo Before the Senate Ag Committee_1.pdf - 8p
3:43:00 - Chairman Senator Tom Harkin (D-IA)
(p65) - But I think that for some reason, that concerns me, that we are just developing these instruments, as I mentioned, the collateralized debt obligations, the collateralized mortgage obligations, the credit default swaps, all these things going back, even back when Fannie Mae started those things back in 1983.
And I am not certain, I am not convinced that there was a demand out there for these.
It is just people got together and said, we have got a new product here.
We can market it and we can make money on it.
And they kind of took on a life of their own.
2008 1015, 1120 and 1208 - GOV (House) - Hearing to Review the Role of Credit Derivatives in the U.S. Economy
Edward L. Yingling, President and CEO American Bankers Association - Need for Systemic Regulator
4:31:30 - Credit Default Swaps - Bachus, Frank -"life Insurance on Vampires" - <Tipping Point>
Joe Donnelly, Indiana - Corporate Governance, Sense of Responsibility
4:51:30 - Barney Frank, Mortgages, Federal Reserve, Greenspan - History
House - Committe on Financial Services
2008 0619 - Risk Management and Its Implications for Systemic Risk: Hearing Before the Subcommittee on Securities and Insurance and Investment of the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Tenth Congress, Second Session, on Risk Management and Its Implications for Systemic Risk, Thursday, June 19, 2008
2008 0731 - GOV - SUNSHINE IN LITIGATION ACT OF 2008
House - COMMITTEE ON THE JUDICIARY - SUBCOMMITTEE ON COMMERCIAL AND ADMINISTRATIVE LAW
2008 0918 - GOV (Senate) - Transparency in Accounting: Proposed Changes to Accounting for Off-balance-sheet Entities
Senate - Committee on Banking, Housing, and Urban Affairs - Subcommittee on Securities, Insurance, and Investment
2008 0923 U.S. Credit Markets and Federal Rescue Plan