Pat Toomey: “So is it your view that if we repeal Title II, which is the bailout mechanism of Dodd-Frank, and we made the reforms…”

“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?”