Council of Economic Advisors 2011 – Economic Report of the President – Obama – [link] (p120) – The high cost of conducting that search reduces competition and may result in prices that are higher than the competitive level. One effective way to reduce search costs is through information systems that assist consumers in comparison shopping. In…

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GAO – Government Accountability Office – Snippets GAO – Government Accountability Office Most state insurance regulators generally only conduct investigations of insurance company sales practices when they receive customer complaints. Although some state insurance regulators review insurance companies’ product sales practices as part of market conduct reviews, few insurance products are subject to any suitability…

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White House Joe Biden Jimmy Carter Calvin Coolidge whitehouse.gov/briefing-room/presidential-actions/2021/07/09/executive-order-on-promoting-competition-in-the-american-economy/

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FRB – Federal Reserve Board – Documents FRB – Federal Reserve Board fedinprint.org/ federalreserve.gov/regreform/reform-systemic.htm Commercial Bank Examination Manual – [link] The Commercial Bank Examination Manual presents examination objectives and procedures that Federal Reserve System examiners follow in evaluating the safety and soundness of state member banks. Intended as guidance for planning and conducting bank examinations. bostonfed.org/news-and-events/events/economic-research-conference-series/the-financial-condition-and-regulation-of-insurance-companies.aspx Year-?…

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Fannie Mae 2012 – Book – The Fateful History of Fannie Mae: New Deal Birth to Mortgage Crisis Fall, by James R. Hagerty 2012 1023 – CSPAN BookTV- The Fateful History of Fannie Mae –  James Hagerty of the Wall Street Journal talked about his book, The Fateful History of Fannie Mae: New Deal Birth…

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Monetary Policy 1968 0508/0509/0515/0516 – GOV (JEC) – Standards For Guiding Monetary Action. William Proxmire (D-WI) – [PDF-319p] Joint Economic Committee Statement of Orson H. Hart, Vice President and Director of Economic Research, New York Life Insurance Co. – (p171- (p172) – I will offer a few comments later on the relation of fiscal to…

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History of Bills – HOB govinfo.gov/help/hob#:~:text=What%20is%20the%20History%20of,has%20been%20published%20since%201873. 1987 – GOV – History of S. 706 – A Bill To Amend The Bank Holding Act And The National Bank Act To Clarify Limitations On Insurance Activities Of Banks, to the Committee on Banking, Housing, and Urban Affairs. By Mr. HEINZ (for himself and Mr. Dodd) – govinfo.gov/content/pkg/HOB-1987/html/HOB-1987.htm…

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SOA – Congress James Pilgrim: My question is both to Walt and Fred. When you talk about universal life being a way to sell lower cost coverage by virtue of the policyhoIder’s paying the minimum premium to keep the policy in force, aren’t we going to find down the road, and particularly for companies whose…

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