Ted Kaufman: “I think it does bring home much of what we are talking about here. It comes down to people.”

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

We have got to get away from this too-big-to-fail. It is bad in so many different ways in terms of the concept.

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…

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