Byron Dorgan: “I am worried that financial reform still doesn't go far enough. I think too big to fail has to be addressed. I don't…”

“I am worried that financial reform still doesn't go far enough. I think too big to fail has to be addressed. I don't think it is yet addressed adequately. I think that if we, in the future, have financial firms that are so large they cause a moral hazard, or unacceptable risks, and whose failure could bring down the entire economy, those firms that are in that situation of too big to fail have to be pared back to a point where they would no longer bring down the economy should they fail. I don't think that has been yet adequately addressed. I also think we have not addressed the issue of the toxic assets that have been traded and essentially wagered in our economy to the tune of trillions of dollars.”