Elizabeth Warren actually said...

"Would you have concerns about liquidity in a time of crisis if municipal debt securities were counted as 2A Level assets instead of 2B Level assets?"

"It is critically important that our biggest banks have sufficient assets in a time of crisis and that those assets be liquid."

"But the reality is, they put everybody else at risk when they are not properly supervised."

"And what the Fed and the FDIC are saying very publicly today is that we have at least five too-big-to-fail banks in this country, that if any one of them starts to go down, they risk taking the entire..."