Pat Toomey said "So is it your view that if we repeal Title II, which is the bailout mechanism of Dodd-Frank, and we made the reforms necessary for there to be a credible bankruptcy resolution that would actually be orderly and which would follow the ordinary rules of bankruptcy to the extent that we can--and I think you need to make some modifications to the current code to get there--would that at least diminish the likely expectations that there would be a taxpayer-funded bailout?" @ PoliticalQuotes.com

On the recordJuly 30, 2014

So is it your view that if we repeal Title II, which is the bailout mechanism of Dodd-Frank, and we made the reforms necessary for there to be a credible bankruptcy resolution that would actually be orderly and which would follow the ordinary rules of bankruptcy to the extent that we can--and I think you need to make some modifications to the current code to get there--would that at least diminish the likely expectations that there would be a taxpayer-funded bailout?

Said by

Pat Toomey

Republican · Pennsylvania

Source

congress.gov

Editor's note · Context

Toomey questions if repealing Title II would reduce bailout expectations.

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