Jack Reed actually said...

You certainly need regulation. You need the right regulation. And you need a strong regulatory structure, but it is not in itself, I believe...

we sort of ganged together, papered it over, and went on having learned nothing

I think that over the years, I probably have thought more about interconnectedness and the plumbing of the financial system, as I like to ca...

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