the scandals still keep coming, and public trust in the integrity of the financial system, I think is at an end.

that is why I have been advocating for the swift implementation of the Wall Street reform law, strong enforcement of existing law, and for adequate funding for our regulators.

Let me just segue into something that perhaps you had not anticipated. Out in California, we have a number of cities that are filing bankruptcy, and a lot of this has to do with the housing crisis and the problems that they have.

As I understand it, the New York Fed may not regulate primary dealers, but they do set out business standards and technical requirements for primary dealers, and they can fire a primary dealer at any time. Are any going to be fired, do you…

And I don't think we need to go into what happened during the crisis and what caused the crisis.

Dodd-Frank was a tremendous effort to try and deal with this crisis that was created.

We should be concerned about MF Global. We should be concerned about the Bickwell in London and the proprietary trading.

I just feel really strange about community banks being roped into these antics of my friends on the opposite side of the aisle.

I'm really looking for substantial public policy.

The scope of the IP theft in China imposes massive harm on U.S. companies and the U.S. economy.

Losses to IP-intensive industries from IP infringement in China was estimated at about $48 billion in 2009.