Jon Kyl: “The American people have a pretty firm view on this whole thing after what they have seen with regard to TARP and the…”

“The American people have a pretty firm view on this whole thing after what they have seen with regard to TARP and the other bailouts. They are obviously not crazy about what has happened. I think most Americans think there should be two basic goals: First, to prevent the kind of crisis that occurred from ever happening again; and, secondly, to make sure that taxpayers are not on the hook, especially if we are talking about the possibility of continued bailouts where Federal money would be involved in unwinding big Wall Street firms that get into trouble. Unfortunately, this bill that came out of the Banking Committee...not only does not achieve the first goal, but it also carries forward that policy of 'too big to fail' and taxpayer bailouts.”