Jim Bunning: “Right now there is no basic private securitization market, especially for mortgages.”

Let me get one thing straight. You are the Inspector General for the SEC, correct?

Well, sure, because the bank has to inherit that decreased value.

Should we not be concerned about the impact this, paired with the large budget deficits that this administration has projected, will have on my 40 grandchildren and future generations?

This is a stunning case, knowing that the SEC has changed hands and things, that they would not jump down this after the Madoff--Bernie--after his case hit the papers.