698, but that would be considered commercial under the GLB Act. The question of whether to allow firms engaged in commercial activities to own or acquire an insured ILC is one that has potentially far-reaching implications for the structure and soundness of the American economy and financial system.
The role of the exchange rate That hard thinking must equally be applied to what is, in effect, another class of asset prices. I am referring to the price of a country’s currency—the exchange rate. This is particularly true at times when we see large movements in exchange rates.