Not that such doesn’t help Gene Taylor with the local voters, the majority of which are very conservative and part of the 30 percent of the populace who do not care for Obama’s job performance (and never will). So while the new adminsitration didn’t even bother to meet with Gene on his bill to reform the NFIP before he came out against it, here is Mr Prez cuddling up with big insurance so they can have an advance briefing of what he intends to do along the lines of regulatory reform. Reuter’s reporter and Sen Chris Dodd mouthpiece Kevin Drawbaugh has the III talking points well summerized:
Insurance industry reform will be the chief focus of a briefing scheduled for Thursday evening by Obama administration officials to financial industry lobbyists, said sources familiar with the agenda.
Topics possibly open for discussion include a proposal to establish a U.S. insurance regulator. The nation’s more than 6,000 insurers are now regulated largely by state and territorial governments.
The briefing could range further afield, possibly covering other parts of the administration’s financial reform agenda, such as establishing a systemic risk regulator and writing new rules for derivatives markets, the sources said.
The snubs don’t stop there as Michael Newsome reported today in the Sun Herald: Continue reading “Some clear signals the Prez is crossways with Gene Taylor”