Chuck Schumer actually said...

I would urge my colleagues not to be dogmatic on this issue but look at the practical reality of the situation.

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

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

Thanks to the effort by the public and private sector, most notably the Election Assistance Commission and the Pew Trusts, we now have the n...