Mark Warner actually said...

"The big question we have, we have no resolution authority for the whole nonbank half of the financial world that in many ways caused our problem."

"we need to have some mechanism in a sense of a prefunding of resolution so that we do not end up as taxpayers being caught basically footing the bill"

"we ought to have a mechanism to allow that entity to go ahead and fail and not simply be propped up by taxpayer funds"

"I strongly, as I made clear, believe that the council is the right approach."