Patrick Toomey actually said...

"I think Dr. Admati has something she would like to add to this."

"In a market-based economy, in a capitalist system, in a free society, you have to be free to fail."

"I wonder if a better approach is simply to make sure that the taxpayer is not an involuntary shareholder in the institution in the first place."

"But would you agree that in Title II of Dodd-Frank there is an explicit mechanism by which the regulators are empowered at their discretion to tap into taxpayer funding and execute a bailout of sorts."