Ted Kaufman: “I have felt for many years that judicial activism is in the eye of the beholder.”

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…

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.

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

In the words of Ben Bernanke, America was on a course for 'a cataclysm that could have rivaled or surpassed the Great Depression.'