"I would just like to make a request to the panel, because it is clear that the panel has got a lot of ideas here."
"I think you teed up a very good point that--you know, and I come as a nonbiased party to this optional Federal charter or State charter debate."
"If you choose to do a whole series of what would be viewed by someone as a risky product line, there would be additional cost to it."
"Which would be a difficult assessment to make at a State level."
"We heard that before, and it was not like the U.K. was spared."
"But somebody still has to define whether you are a riskier firm by your product line."
"Buyer beware."
"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"
"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."
"I apologize, Mr. Chairman, for going on so long."
"Systemic risk is going to be an important factor in all of this."