Brad Sherman actually said...

"I will remind you that the FSOC has the authority to break up the biggest banks."

"I join the Chair in saying that it is a good idea to tailor your regulations."

"But if you broke Wells Fargo up, then instead of trying to hold them up to those really high standards, people could choose which financial institution to go with."

"Two million phony accounts not detected by the regulators. Break them up."