"No amount of talent, expertise or resources can overcome a lack of will. Indeed, the will to regulate is essential to an efficient, effective and competitive marketplace."

This quote was part of almost every major address I made as superintendent of insurance for the state of New York serving under Gov. Mario Cuomo from 1983 to 1990. The Cuomo administration was never overwhelmed or unduly influenced by Wall Street, despite powerful lobbying efforts opposing certain of our regulatory initiatives.

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