Ted Kaufman: “But as a general matter, I think that you cannot be cowed by the possibility of losing, and we do enough good things and…”

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

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…

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

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