Ted Kaufman: “That is not an option, and I do not know any serious thinker on either side of the political divide or the ideological…”

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

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

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

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