I have got a bill that repeals Title II of Dodd-Frank and make the necessary amendments to the Bankruptcy Code.

I think it is important to understand that the solution to this problem is not to prevent by legislation any possibility of rescue.

I think there is a very significant likelihood that it arises mostly from Title II of Dodd-Frank.

I find it ironic that, in an interest of presumably reducing risk, we adopt a Volcker Rule that, for instance, forbids banks from engaging in profitable activity.

If you do not do that, there is not a person in the world--you know, I have been there.

I am wondering if actually each of you could just comment briefly, maybe we will start with Dr. Meltzer and work back.

The massive, excessive overregulation, including on the smallest banks that have absolutely no systemic importance really to the economy, are nevertheless burdened so much that it is just not feasible to launch a community bank and provide…

If we agree that no institution should be too big to fail, if we agree that all bailouts must end, then we must agree that we must do something about this.

I do not think it will help with the very largest bank holding companies.

It is important that we understand that, but it is also important to remember that is historical.

what is the ability of the Federal Government to honor the commitments that it has made to current retirees and future retirees in the Social Security program?

I think we are kidding ourselves if we think that somehow everything is fine for several decades because we have this nominal trust fund that we treat as though it were real assets, and it is fundamentally not.