Ted Kaufman: “The first one is: we can never let this happen again. We have to break the mentality of grabbing the money before the…”

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

Nothing in life that is worthwhile is easy.

I do not want a single innocent person to go to jail or be criminally indicted for any reason.

Widespread cheating and fraud of the sort that drove the speculative housing and derivatives securities bubbles are anathema to public confidence in the markets.