Patrick Toomey actually said...

I think the FSOC is very well aware of some other steps that need to be taken.

if the Government guaranteed piece is systematically underpriced, then no matter what else you do, you are not going to get private capital ...

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

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