Ted Kaufman: “If we can't do it in Afghanistan, what makes us think you're--we'll be able to do it down the road?”

Nothing in life that is worthwhile is easy.

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.

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.