What I believe those skeptics fail to recognize is that though banks are often happy to finance the next factory of an established company or the tenth deployment of a developed technology, they have very little interest or inclination in…

I would argue that we must lift the barriers that currently make it impossible to develop and manufacture new clean energy technologies here.

I find it perplexing that DOE would take this position when the entire purpose of these loan guarantee programs is to spur domestic development and job creation.

I believe it is this risk that we need to balance against any perceived risk of failure of a given project.

Mr. President, I understand we are in morning business to speak for up to 10 minutes. The PRESIDING OFFICER. The Senator is correct. ____________________

This isn't just one major disappointing scandal. It is really three.

I think Chairman Schapiro has proven some leadership on this issue.

Thank you, Mr. Chairman. Thank you, Mr. Kotz, for your work.

Well, that is certainly important, but I am not asking about the timing of the Goldman case.

I think it takes time for a culture to be changed.

We are no longer focused on stats; we are focused on important cases.

So it is clear from your investigation that he affirmatively made the decision to close the matter at that time, in 1998?

I think Director Khuzami has proven some leadership on this issue.

And that is the first time the SEC looked into and investigated Stanford?

Did you describe those pleas from that division?

And what would you describe that activity as?

The reason I am asking--and I know you are aware of this--is I asked you about this in Baton Rouge in August 2009.

Is there any particular reason you did not put that in the summary?