Christopher J. Dodd: “I think the high rate at one point in the Nixon Administration is we were spending something close to 6 percent of the…”

Where were the regulators?

I think the high rate at one point in the Nixon Administration is we were spending something close to 6 percent of the Federal budget on secondary and elementary education in this country, the Federal Government was.

I think Senator Akaka did it as well. Sheila Bair... has just done a remarkable job.

I am told, other than on a relatively few violations of the fraud statutes, most of the violations were of SRO regulations.