A Statement from The Financial Services Roundtable on the U. S. Treasury Proposal

Washington DC – October 14, 2008 --  The Financial Services Roundtable strongly supports the actions taken by the U.S. Treasury and the U.S. government to restore stability and liquidity in the markets and to restore the public's confidence in our nation's financial institutions.

The proposal – which provides a menu of options – is thoughtful, targeted, temporary, and balanced in its approach to our current economic challenges, and it provides protection to investors and taxpayers alike, while immediately restoring liquidity into the markets.

"We applaud the fact that this plan provides coordination between U.S. regulators, the financial services industry, and their counterparts in other nations," said Steve Bartlett, President and CEO, The Financial Services Roundtable.

The Financial Services Roundtable represents 100 of the largest integrated financial services companies providing banking, insurance, and investment products and services to the American consumer.  Member companies participate through the Chief Executive Officer and other senior executives nominated by the CEO.

Roundtable member companies provide fuel for America's economic engine, accounting directly for $66.1 trillion in managed assets, $1.1 trillion in revenue, and 2.5 million jobs.