Jack Reed actually said...

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

I think that, again, the traditional roles that said a bank in a bank holding company has access to the discount window, that is where we sh...

we allowed fundamental regulatory arbitrage to lead to a very difficult situation