Chuck Schumer actually said...

You can be a purist and say this is something the Federal Government should not be involved in.

At the very least, it would raise the cost of things, wouldn't it?

But, oftentimes, it is also applied to banks that might have $30, $40, $50 billion in assets but are plain vanilla banks.

None of these institutions will bring down the country if, God forbid, they were to fail.