Government Hearings – 1995

1995 0522 - GOV (House) - Insurance State's and Consumer's Rights Clarification and Fair Competition Act
- [PDF-81p-GooglePlay, Video?] - Not on govinfo.gov - R
- House - Committee on Commerce - Subcommittee on Commerce, Trade, and Hazardous Materials of the Committee on Commerce

1995 0606 and 0608 - GOV (House) - Financial Services Competitiveness Act of 1995, aka Financial Services Regulation - HR 1062
- [PDF-329p-GooglePlay, 0606-IDEO-CSPAN] ->not on govinfo.org
  - Gary Hughes (ACLI)
  - Martin Meyer (Brookings Institution)
  - Greenspan (FRB), Levitt (SEC), Williams (OCC)
- House - Joint Hearing Before the Subcommittee on Telecommunications and Finance and the Subcommittee on Commerce, Trade, and Hazardous Materials of the Committee on Commerce

1995 0726 and 0727 - GOV (House) - Debt Issuance and Investment Practices of State and Local Governments - [PDF-968p-archive.org]
- An interesting question arising in third-party guaranteed defaults is what happens when the guarantor collapses.
- When the letter-of-credit bank or insurance company goes under, or the corporate guarantor goes bankrupt, there is no more credit enhancement or guarantee on the bond issue.
- In these instances bondholders usually lose.
- Such was the case with the $1.6 billion of munis backed by Executive Life and the $600 million of housing issues backed by Mutual Benefit Life Insurance Company. (p150)
- House - Committee on Banking and Financial Services - Subcommittee on Capital Markets, Securities, and Government Sponsored Enterprises