Patrick Toomey actually said...

"I want to thank all of the witnesses, as well. I think we have had a very helpful, very constructive discussion at advancing the cause and the understanding of this issue."

"A reform that handles large financial firms and makes failure feasible under clear rules without spillovers would greatly reduce the probability of Government bailouts."

"I think reform of the bankruptcy law is essential for ending Government bailouts."

"It explicitly forbids taxpayer bailouts of failing institutions."