Jack Reed actually said...

"I think it is important for us to foster within the government but also outside of the government the ability of multiple agents to make a judgment on this."

"They have proven that the last few months rather aggressively."

"I want to thank you all for excellent testimony, thought provoking, and also for your advancing this issue."

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