Let me be clear, I opposed the 2008 Wall Street bailouts then. I oppose them today.

It creates the orderly liquidation fund and the Congressional Budget Office has scored the cost of this fund as a little over $20 billion over the next 10 years.

I think bankruptcy reform is essential to addressing the problem of too big to fail.

We have introduced the Taxpayer Protection and Responsible Resolution Act that addresses this too big to fail and this bailout risk head-on.

I think reform of the bankruptcy law is essential for ending Government bailouts.

A reform that handles large financial firms and makes failure feasible under clear rules without spillovers would greatly reduce the probability of Government bailouts.

I think we need more accountability in the system, not less.

I want to thank all of the witnesses, as well. I think we have had a very helpful, very constructive discussion at advancing the cause and the understanding of this issue.

I have serious concerns about any proposal that would once again force Congress to face another bailout decision.

It explicitly forbids taxpayer bailouts of failing institutions.

In my views, Chapter 14 would work much better than Title II of Dodd-Frank.

I think we have managed to completely eliminate--we have completely destroyed the entire de novo banking industry of America.

when we add this additional layer of regulation on institutions that are not individually systemically risky, we actually increase the risk that we will have a widespread problem.

How can that be unreasonable?

Except you do not do it.

Well, and the sequence should include that all of that should be very well known and understood and publicly debated before anyone is subject to this regulation that they had no way to avoid but might well have chosen to avoid.

the opacity with which the FSOC has been operating is extremely disturbing

It seems to be pretty far down the path of designating individual firms.

that is extremely problematic

I think we should be very careful in over-dramatizing the political contagion from current events in Greece.

I just think that David Shapira just represents the best that Pennsylvania and Pittsburgh has to offer this country.

I will be brief, but, first of all, let me just say the Postal Service and the United States are very fortunate that a man of his accomplishments and his capabilities is willing to serve in this capacity.

How dare you prosecute our clergy, our member, our leader.

So, I think that is a really, really important point.

Well, and putting perpetrators behind bars makes it impossible for them to victimize the next child, so--