Patrick Toomey actually said...

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

"The confusion of how a firm would be reorganized would likely lead policymakers to ignore the orderly liquidation authority."

"I have serious concerns about any proposal that would once again force Congress to face another bailout decision."

"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."