I think, that not just here, but in credit default swaps, so much went on on Wall Street, we have rewarded people who essentially said, I know what is going wrong here, but I can't stop doing it because I am making so much money.
Kaufman expresses concern over Wall Street's unethical practices and their consequences for taxpayers.
Share
More from Ted Kaufman
I am also concerned in the same bill of the increased concentration in the financial industry along with bailouts and other subsidies for banks that are too big to fail undermines competition by making it tougher for smaller, more…
I tell you, it's really remarkable, in Afghanistan--to come back to Afghanistan--how much the military appreciates and now understands the civilian effort.
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.
Other voices in this conversation
