Bob Corker actually said...

"I believe that making it independent and creating a new board, if you have three other regulators still in existence and everybody has got boards, I think it will confuse things."

"You do want to make sure it is as insulated as possible from any type of influences."

"The procyclical piece to me is a huge problem that you do not necessarily create by your formula."

"I happen to have fallen on their side of the equation and think that having any institution that is too big to fail creates tremendous problems."