Robert Menendez actually said...

"It seems to me that when we get to, whether it be in AIG or certain banking institutions that have been defined, that they create systemic risks to our overall economy because they are too big to fail..."

"Isn't it--when an entity is too big to fail, haven't we failed already."

"Has not worked."

"If it is too expensive to internalize those risks, then that means that we need smaller institutions."