Mark Warner actually said...

"I concur with his approach and that our goal ought to be allowing these institutions to actually fail in an orderly process and not be simply propped up ad infinitum."

"I share the overwhelming view of the panel that systemic risk ought to not be placed with the Fed and ought to be empowered with a new independent council that includes the Fed."

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

"The economic crisis introduced a new term in our national vocabulary: 'systemic risk.'"