"These failures are not isolated. They cut across the agency's many functions and have had serious consequences."
"Improvements in both programs will be necessary, if not imperative, to ensure that the SEC fulfills its investor protection mandate."
"And that undermines the whole integrity of the marketplace, as I understand it."
"I think, Ms. Schapiro, that they are central to any regaining of trust in our securities industry."
"I think that is a danger and a weakness that could leave us more vulnerable than we need to be in the future."
"the release of terrorists is an affront to the rule of law, the victims and their families, and every American who believes that violent acts must be punished to the fullest extent of the law"
"Yes, I believe they do work. They nearly always work. But you have to have trust, integrity, and transparency in the market."
"Tax increases have a large negative effect on investment."
"the Senate voted 95-2, Chairman Leahy and all the members of our Committee voted to deplore President Clinton's pardon."
"The trend has got to come back to strong banks, strong capitalized banks."
"Senator Specter felt the pressures, he felt the development of the investigations... and felt that there was political efforts to block that."
"I just feel like that was a very unwise thing, I mean, how that went along."
"We have got to make the system work."
"You cannot let the market run ahead of you, can they?"
"I hope you continue to voice these opinions when giving economic advice to the President."
"It looks like things are for sale in the marketplace."
"I absolutely believe that credit default swaps need to come under the umbrella of Federal regulation."
"the SEC's handling of credit rating agencies contributed to the subprime frenzy that is at the root of the current economic crisis."
