Patrick Toomey actually said...

"I think Dr. Admati has something she would like to add to this."

"Failure has to be an option."

"I would really seriously question the competence of the FDIC to run JPMorgan Chase or to run Lehman Brothers."

"The regulators themselves, as we know, are not omniscient. They are not going to be perfect. They are not going to always get it right, and in the end, eventually institutions will fail anyway."