Jeb Hensarling actually said...

It is not always more regulation that counts; it is perhaps smarter regulators and smarter regulation.

By designating certain firms as systemically risky, we almost guarantee that there will be more Fannie Maes and Freddie Macs.

First of all, it certainly would seem to enshrine us as a bailout nation.

The underlying assumption is that our economic turmoil has somehow been caused by lack of regulation.