Christopher Dodd actually said...

"But like the Glass-Steagall Act and the Securities and Exchange Act, it will require very good, competent, energetic regulators."

"It was never my intention to have the U.S. Senate, the House of representatives, or the Congress as a whole do the job of regulators."

"What we have done with this legislation is to eliminate the gaps, the overlaps, and the shortfalls that allowed some financial actors to game the regulatory structure."

"it is essential that the liquidation rules make clear to equity shareholders and unsecured creditors that they, not taxpayers, are at risk when their company fails."