"I want to say here and now that the resolution authority risks creating a new generation of companies that are too big to fail."
"How can you explain that?"
"we have been in consultation with Chairman Barney Frank, and that both the Judiciary Committee and the Finance Committee are moving together"
"I want to commend all of our witnesses here today, including Mr. Wainstein, who's been very forthcoming."
"Of course, I mentioned the Sensenbrenner/Conyers PATRIOT Act that got doused in the Rules Committee."
"Arbitration has not always been beneficial to all parties."
"I commend Ms. Sanchez, a former Subcommittee Chair herself, for her targeting and focus on one particular area of nursing homes."
"His approach is a wider one."
"During the Congressional debates on arbitration more than 70 years ago, witnesses testified about the potential benefits of this form of resolving disputes without judicial intervention."
"As we have since learned during the last 20 years, however, arbitration is not always beneficial to all parties, and it may eviscerate the protection of some federal consumer and civil rights statutes..."
"Others claim that the secrecy of arbitration awards hinders the development of the law, and awareness of wrongdoing by businesses, which ultimately harms all consumers and employees."
"Still others assert that arbitration providers and arbitrators are not always neutral and, in fact, may have cozy relationships with parties on one side of these disputes."