Mary L. Schapiro: “I believe that by strengthening our Enforcement Program, enhancing risk-based oversight, and leveraging technology, we…”

Absolutely not, and I put out a statement to try and make that quite clear that we do not time our enforcement actions by the legislative calendar or by anybody else's wishes.

This time around, I have had more than a few people in my office weeping with fear about what might happen to them because one person or another was looking into their behavior.

Do I wish now that he had been more sensitive to the potential of this issue to raise an appearance of conflict? Yes.

If people understand in the marketplace the institutions will be unwound, they will be permitted to fail.