John C. Coffee: “Don't throw that last resort out. It saved us in 2008, and not that much has changed in the regulation of the money…”

I want to be clear that I think there could be a robust bankruptcy provision that would be helpful and that would be a supplement, but it can't be a substitute.

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

The biggest problems in our financial economy are the problems associated with systemic risk.

First, I believe the greatest enemy of job creation today is not overregulation, but the loss of investor confidence.