Christopher Dodd actually said...

it is essential that the liquidation rules make clear to equity shareholders and unsecured creditors that they, not taxpayers, are at risk w...

Thank you very much, Chairman Bair, and thank you again for your tremendous involvement over these many, many months.

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

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