John C. Coffee: “I want to be clear that I think there could be a robust bankruptcy provision that would be helpful and that would be a…”

We must not let history repeat itself by creating more regulatory black holes and exposing investors to unacceptable levels of risk and outright fraud.

The Volcker Rule was a reasonable way of doing that, by getting banks out of the business of proprietary trading.

The tide has gone out on Wall Street, and we are now increasingly finding 'who has been swimming naked.'

I think one is enormously important: systemic risk. All of the future of our economy depends upon being able to solve in a credible fashion the problems of major bank failure.