Patrick Toomey actually 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 ...

Failure has to be an option.

I wonder if a better approach is simply to make sure that the taxpayer is not an involuntary shareholder in the institution in the first pla...

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