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…”

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.

Don't throw that last resort out. It saved us in 2008, and not that much has changed in the regulation of the money market funds.

I think it is judicial legislation. It is not usually what the Court does.

First, we must address the problem of financial institutions that are deemed too big--or perhaps too interconnected--to fail.