Ted Kaufman: “If we do not do something, we are in dire shape over there.”

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.

I think disclosure is really the root of a lot of these problems.

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