John Garamendi: “Sixty-six percent. Now we really have a serious problem called ``too big to fail.'' Now we're in a very, very serious…”

“Sixty-six percent. Now we really have a serious problem called ``too big to fail.'' Now we're in a very, very serious problem. I want to refer back to this chart that we were using before. The legislation does deal with this issue of too big to fail. Now, we passed a good bill out of here in December that dealt with this, but on the Senate side there are some Senators who are progressive and thinking about this and they're saying, Wait a minute. Maybe we should limit to 10 percent, no company can have more than 10 percent of the total assets. When you get that big, that's it. You're going to have to shed assets. Someone else is going to have to pick it up. But now we have seen even more concentration in Wall Street. We can't wait any longer for the reforms. We can't wait any longer. America can't wait any longer. How many more hardworking men and women are going to lose their job as Wall Street continually declines to provide loans to Main Street?”