...Lawmakers spent little time discussing provisions that refer directly to insurers or insurance products, but they did spend some time debating provisions that would expose the major rating agencies, or "Nationally Recognized Statistical Rating Organizations," to increased legal liability....
.... Rep. Mary Jo Kilroy, D-Ohio, said the rating agencies need to be held to better account.....
....(Rep. Barney) Frank said the liability provision is needed because of the reality that the rating agencies are paid by the companies they rate, rather than by the consumers of the ratings....
Why do the Republicans speak against this type of regulation? We cannot count on insurance companies to rate and set their own regulations. Do you remember what banking deregulation did to this country?
* Today we see that there is another Ohio Republican with residency "issues." Republican State Sen. Jon Husted who claims Kettering as his "home," but lives in Upper Arlington with his family, was allowed by the Ohio Supreme Court to use Kettering as his "home" for voting purposes. Now another member of the Ohio GOP has similar residency questions surrounding her.
Toledo Blade:
....Rep. Jennifer Garrison (D., Marietta) called for the change after an ethics complaint was filed against state Republican Sen. Karen Gillmor, who has been reimbursed for weekly 200-mile round trips between Columbus and a condominium she owns in Tiffin.
How is it that these Republicans claim to be regular, average, working class people, but they own more than one house?