No Such Thing as TBTF

Steve Bartlett, President & CEO, Financial Services Roundtable, before the House Financial Services Committee 10/21/2008:

Well, first I would just submit that there's no such thing as too big to fail, from the perspective of the shareholders. There are shareholders all over America that have failed.

Since there’s no such thing as too big to fail, C shareholders were up around 60% today from Friday’s close.