Ted Kaufman: “This is not just a Philadelphia problem. These are problems that cities are facing around the country, so it is a real…”

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

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.

It's only fitting that, at a crisis past, a government should set aside its crisis authorities.