Elizabeth Warren actually said...

"We do not want investors, in the future or these particular firms to live with the expectation that the government bail them out."

"Let's keep in mind this is about whether or not the investors in these mortgages, some of whom made substantial profits during the glory days, should be required to take the losses when the mortgages ..."

"And we moved in----"

"Perhaps most disturbing of all, TARP created an implicit government guarantee for major financial institutions."