Patrick Toomey actually said...

what you want to do is eliminate the discretion, put a fixed set of rules in the hands of a bankruptcy judge

Failure has to be an option.

I think that too big to fail is a real concern. I think the real solution is to go to the heart of where the problem is.

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 pla...