Christopher Dodd actually said...

Just following up on the Senator's question, how many of those banks did you find that violated your guidelines?

We have got to figure out a new direction--that can't go on, in my view.

With all due respect, this is the problem. In a sense, we talk about too big to fail in the sense of private institutions.

I get uneasy about the fact that the Fed is the lender of last resort.