Robert Menendez actually said...

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

Isn't that something that we should be concerned about as we look forward in terms of these set of circumstances.

Isn't it equally important to recognize that maybe the earliest and most fundamental failure that led to our current crisis... is a lack of ...

The consolidation took place in such a way that entities became so big that they are too big to fail.