Jeff Merkley actually said...

"We should not be jumping straight to Title II. We have not worked through Title I properly."

"I think Title II... you will make it actually a much less likely scenario."

"the banks have to show that they are able to be resolved through bankruptcy without causing large systemic risks"

"the whole goal is to end too big to fail, and as Senator Toomey has presented, that is also his goal and bringing a different perspective to bear."