Mark Warner: “Clearly, we have to make sure our goal is setting rules and regulations that will stand the test of time. We have to…”

“Clearly, we have to make sure our goal is setting rules and regulations that will stand the test of time. We have to make sure we end the notion of too big to fail. I know the approach of the Presiding Officer is to look at size. I think the committee's approach, which I share, is to look at interconnectedness, to give regulators the ability to unwind organizations if they can't prove they have a rational way to be unwound through a bankruptcy process. Reasonable people can disagree, but we absolutely agree on the goal: making sure the American taxpayer never has to hear 'too big to fail,' particularly too big to fail where the American taxpayer has to pay the bill.”