Jack Reed actually said...

"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."

"the taxpayer had to step in because there wasn't enough capital in the private sector to cover the risks"