On the recordSeptember 21, 2010
Widespread cheating and fraud of the sort that drove the speculative housing and derivatives securities bubbles are anathema to public confidence in the markets.
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congress.govWidespread cheating and fraud of the sort that drove the speculative housing and derivatives securities bubbles are anathema to public confidence in the markets.
Kaufman warns that fraud undermines public trust in financial markets.
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The American people are concerned about their Court. They are concerned about effectiveness of law in America.
I want to make sure that the system is not undermined by judges who may have a different view of the proper role of Government regulation.
I think it does bring home much of what we are talking about here. It comes down to people.
But as a general matter, I think that you cannot be cowed by the possibility of losing, and we do enough good things and bring enough good cases that we can take a few losses if the cause is right.