Jim Himes actually said...

"I was a banker for a long time. And oftentimes when the market forces have been most active, there has been too much liquidity and catastrophe that followed."

"Yes, yes. The pre-Volcker--none of us want to go back to 2008, right? Where I would argue you had a surplus of liquidity, so again--"

"I know, but you are pointing at the Government. What does it mean, 'a concept only the Government could devise?'"

"the burden is on the industry to come up with constructive ways, if there are more constructive ways, of determining a legitimate inventory"