Jeff Merkley actually said...

"While reforming the Bankruptcy Code may prove to be useful, I am not sure that bankruptcy alone will be enough to successfully resolve the complex, interconnected financial institutions without disrup..."

"And, Mr. Taylor, or Professor Taylor, are there a couple things that, specifically, you would like to see done to improve the working of those living wills?"

"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."

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