Jeff Merkley

If the ideas being presented in this particular bill will not further hurt our States, then the path is clear, but if it is going to further hurt our States, then we are exercising our very profound concern for the direct impact.

It is not satisfactory to just fail to follow through on the intent of Dodd-Frank.

Dodd-Frank absolutely requires... that these banks have to become simpler and much easier to resolve.

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

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

I think bankruptcy is superior to the orderly liquidation authority because creditors and shareholders should shoulder the losses if a financial institution fails, not taxpayers.

Thank you. And, the world within which we live is limited in time, and thank you very much, all of you, for bringing your expertise to bear on this.

My preference would be not to have Title II and have this reform.

I think the theory was that the chaotic collapse did not work very well in 2008.

That turns into a taxpayer-funded bailout

Thank you very much, Mr. Chairman, and thank you all for your presentations.

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 disrupting financial stability and the global…

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

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.

Take care of our industries first, make sure that we have a low-cost energy economy, a low-carbon energy economy.

I think there is a cautionary tale in looking at log exports from the United States.

We are exporting an incredible number of raw logs, and kind of think what this does to the U.S. That means we are Third World Nation.

If we are exporting the raw material, we are going to then import the finished product.

More than 10,000 of them have said, 'Do not export our crude. You are putting our jobs at risk.'

We have a lot of concern about the possibility of explosions from oil trains.

Well, thank you for your efforts to wrestle with this issue.

I want to thank you in particular for your leadership of finally having a watchdog fighting for consumers and fairness in financial transactions.

Every time a consumer gets a fair mortgage loan rather than a predatory one, a great deal of help has been created in terms of a wealth-building enterprise versus a wealth-stripping one

So I have been struck by how important this conversation is as one that has direct impacts on the ground right now.