Bob Barr: “I think there does need to be transparency in the process once the firm is in resolution with the opportunity for…”

We don't want to have a system where we just trust the regulators or trust the banks.

But among those who believe the case should be re-opened are politicians who don't always agree with each other, ranging from former president, Jimmy Carter to conservative former Georgia congressman, Bob Barr.

We need to be humble about the ability of regulators; we need to be humble about the ability of managers of large firms.

We do need to end the perception of too big to fail. It is an absolutely critical element.