Jack Reed actually said...

"First, we can't assume regulatory capacity adequate to the complexity of the financial markets."

"I don't think they would be difficult to implement and I don't think it would be a regulatory issue. I think it would be a management issue."

"My honest belief, having experienced it and having lived with it for years, is that the system would be stronger if we could provide for some separation."

"We do not want to subsidize the risk. We do not want the bailout."