Jack Reed actually said...

the idea of coordinating as much as we can imagine, a unified set of rules that apply to the SEC-regulated entities.

In general, more, and in general, if the entities are too big to fail, they should be smaller.

Of course, the other concern is if you do not have any of these rules of the road, you get exactly what we had, which was gaming, no money d...

I think, you know, the challenge we gave to regulators was come up with an appropriate balanced mechanism that exempts certain loans from th...