Ted Kaufman: “It is like the old Watergate thing. What did you know and when did you know it?”

A paper tiger that will fall apart the minute it is tested in a real life financial crisis

I think this is all the ability to know you just cannot have two different sets of rules for people, and if you are powerful and you have got money and you have got good accountants and good lawyers, you can get away with something that…

Nothing in life that is worthwhile is easy.

I think disclosure is really the root of a lot of these problems.