Ted Kaufman: “In the words of Ben Bernanke, America was on a course for 'a cataclysm that could have rivaled or surpassed the Great…”

It's only fitting that, at a crisis past, a government should set aside its crisis authorities.

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

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.