Christopher J. Dodd: “We can come down to where we allocate resources and how we make choices between the issue of tax cuts for the top 1…”

I think it is important today and I want to commend my colleagues on both sides here for their comments.

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

Putting that together, have we seen the wealthy, who were given huge tax cuts over the past 3 years, turn around and spend their tax cuts on these luxury items, while average workers of course have seen their wages stagnate?

I hope that we will get in the next administration regulators who understand what their duty and obligation is.