For big insurers, frustrated at having to be regulated state by state, the wait for an optional federalcharter goes on.
ECONOMIST: Financial reform in America
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This would exempt insurers choosing a federalcharter from much of state jurisdiction--including, possibly, laws giving consumers various rights and protections.
FORBES: Magazine Article
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Perhaps you are on to something with your call to have Fannie Mae unconstrained liberated, if you will from its peculiar federalcharter with all its benefits and obligations.