Ted Kaufman: “It was not just corruption; it was the appearance of corruption.”

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…

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

I do not want a single innocent person to go to jail or be criminally indicted for any reason.

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