Jeff Merkley actually said...

I would say of course they have an advantage. They have taxpayer-insured deposits and access to the discount window.

But it would be if deposits were diverted into hedge fund investing rather than making loans to small businesses.

Does anyone on this panel think that Bruno Iksil, the 'London Whale,' woke up each day trying to mitigate the risk?

I appreciate my colleagues on both sides of the aisle continuing to wrestle with this issue of mortgages.