John B. Taylor: “I think it is very important to do something directly about the too-big-to-fail problem.”

The Financial Institution Bankruptcy Act would work better, in my view, as a resolution device than Title II of Dodd-Frank.

The whole idea of bailouts is that people get advantage and that it creates huge risk-taking and huge moral hazard.

I just do what I believe. And I believe that strong-mayor powers, aside from everything else, are a significantly bad idea.

The powers are 'almost like a virus in the body politic of municipal democracy,'