Ted Kaufman: “I was at a hearing yesterday on Afghanistan and the national police and the problem that we spent $8 billion and we have…”

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

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.

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.

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