Jack Reed actually said...

"too big to fail is the first chapter, but the second chapter is too interconnected to fail."

"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."

"I want to welcome Governor Tarullo also. I want to thank you for holding this hearing at the suggestion of Senator Corker."

"I think we are all focused on finding the best way to maintain higher levels of common equity."