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

The confusion of how a firm would be reorganized would likely lead policymakers to ignore the orderly liquidation authority.

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

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

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.

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

Except you do not do it.

How can that be unreasonable?

that is extremely problematic

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

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.

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