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Rep. Kanjorski: Bond Insurers Need Tough Oversight

The comment by Rep. Paul Kanjorski, D-Pa., chairman of the Capital Markets Subcommittee of the House Financial Services Committee, came as he released letters he sought from regulators asking how the

By Arthur D. Postal | Updated on February 07, 2008

WASHINGTON–A congressman who has scheduled a hearing on the challenges faced by bond insurers said their current difficulties point to a “real need” for stronger oversight of the industry.

The comment by Rep. Paul Kanjorski, D-Pa., chairman of the Capital Markets Subcommittee of the House Financial Services Committee, came as he released letters he sought from regulators asking how the industry is regulated and what are its problems.

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