Jeff Merkley actually said...

"Do you think it would make more sense to have the holding companies and the banks under the same regulatory agency?"

"I raised my concern that some of these would be in conflict with each other."

"The twin peaks model is viewed as advantageous by some because the two principle objectives of financial regulation, systemic protection and consumer protection, are fundamentally in conflict."

"What can we do that would make this tool the most effective one possible to try to prevent this unacceptable threat of a nuclear weapon in Iranian hands?"