Jack Reed actually said...

"the entire structure a 'doom loop' because it is a repeated cycle of boom, bust, bailout."

"I think that is the goal of many people on this Committee, maybe not everybody, but I think many people."

"the 'too big to fail' is a form of implicit subsidy from the taxpayer, which lowers the cost of funding for these derivative transactions."

"I do not think many people at all have been held accountable for what is going on."