• (p33) - Brad Sherman (R-CA) - Who can comment on why we wouldn’t regulate credit default swaps as an insurance product?
• Gary HUGHES, ACLI -  Personal opinion, it is a form of financial guaranty insurance. I think it probably should have been in a monoline company and not part of a multiline company.
• Mr. SHERMAN. You are saying it should be part of a monoline company, but a regulated insurance company?
• Mr. HUGHES. That would be my personal opinion, yes. 

2014 0520 - GOV (House) - Legislative Proposals to Reform Domestic Insurance Policy, Randy Neugebauer (R-TX)  ---  [BonkNote]