Ted Kaufman: “We're the most powerful military, economic, and strategic political organization, diplomatic organization, in the world…”

Nothing in life that is worthwhile is easy.

Widespread cheating and fraud of the sort that drove the speculative housing and derivatives securities bubbles are anathema to public confidence in the markets.

We have developed a cooperation program at the SEC where we can now offer reduced sanctions in exchange for insiders who come forward and provide us with information.

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…