Mary L. Schapiro: “Do I wish now that he had been more sensitive to the potential of this issue to raise an appearance of conflict? Yes.”

This is about my belief that their structure presents systemic risk.

This year we find ourselves at a critical juncture, and that is because the Congress has challenged us not only to continue our reform efforts.

It seems to me that we have to build a system in this country that makes people want to do business here because a race to the bottom will not serve anybody well.

No. We should not guarantee that nobody fails. We should allow institutions to fail.