I appreciate that you were ready for my question.
But up until now, to be honest, wasn't the drive to basically say, leave the marketplace to act on its own, and if conso...
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.
It seems to me that when we get to, whether it be in AIG or certain banking institutions that have been defined, that th...
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 cri...
The consolidation took place in such a way that entities became so big that they are too big to fail.
I want to thank you and the ranking member for holding a hearing on what I think is an incredibly important topic.
Thank you. I have one last question and one follow up and then we'll, unless a member appears we'll close the hearing.