The only other thing you can do is--and I thought Mr. Perlmutter's questions were right--we want to keep them from failing.

I think Main Street is not, and, as you know as Chair of the Small Business Committee while we were writing the bill and as a member of this committee, you added very significant input, and I think we tried very hard to deal with that.

I would like to see a very sharp distinction in loans. I would like the main safeguard against bad loans to be risk retention.

If I had one magic wand I could wave, I would have merged the SEC and the CFTC.

Dodd-Frank actually said that there is no legal authority to use public money to keep a failing entity in business.

I don't think that adds to systemic risk. There is a loss of social function of economic activity.

I think the Republican's chairman says it is as bad as the health care bill.

My own view is that nothing could be more unlikely, given the current political mood.

I don't think that--if that is your major--if that is all you do is asset management or sell life insurance, I don't think you should be a SIFI.

I have been very skeptical of them doing that.

I am again very surprised to hear my Republican friends now say our problem is that we have toughened up the standards for banks loaning to people.

I will certainly work for that end. I was simply saying I can't negotiate with someone who thinks I am a liar.

I am not asking you to come out and support this, but will you stay silent?

May I begin by responding to that outrageous suggestion that I broke my word?

I do think there is room for subtlety in that, but I don't think Glass-Steagall does it.

There is going to be a bill--this is Mr. Frank talking to the community bankers, according to the Washington Post--and either you are going to have to get on the bus or be run over by it.

Mr. Frank. Not just SIFIs; any institution of $50 billion or more.

I hope to hear you remind my Republican colleagues about just how close to the brink we came in 2008.

I would think people worried about accountability would think it was a greater problem that the Federal Reserve wasn't subject to the appropriations process.

The Consumer Financial Protection Bureau is up and running, already returning $4.6 billion to 15 million consumers.

we also increased the deposit limit to $250,000, which the community banks wanted.

I think you may have misunderstood Mr. Sherman because you weren't here.

I do agree that there is room for that.

Frankly, if they had done that earlier, they would have saved themselves I don't know how many--in the tens of billions of dollars for noncompliance.

Republicans immersed themselves in an aggressive unrelenting campaign to repeal, weaken, and pressure regulators.