Ted Kaufman: “The hardest thing is not the decision to buy, it is the decision to sell.”

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

The panic of 2008 has subsided, but it has been replaced by the gnawing pain of countless men and women who can't find work, who can't keep their homes, and who don't know whether their economic story will ever end in recovery.

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

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