On the recordApril 15, 2010
It causes me dismay that we failed.
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congress.govIt causes me dismay that we failed.
Kaufman reflects on failures related to stated income loans.
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I think there is a lot of upset about what happened in the great securities meltdown, the loss of jobs, and the people losing their homes.
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.
Widespread cheating and fraud of the sort that drove the speculative housing and derivatives securities bubbles are anathema to public confidence in the markets.
There is only one level of justice in this country, whether you are very, very wealthy and have a strong, complex legal team or whether you are someone else.