I think we have to recognize that as long as large financial institutions wield the kind of political power that they do in our society currently, the efficacy of our regulatory agencies is always in jeopardy.
Kaufman emphasizes the political power of financial institutions affecting regulatory efficacy.
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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.
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.
When we get in, if they win, the pantry is going to be bare. When you see Trump's done to the deficit, forget about COVID-19, all the deficits he built the incredible tax cuts.
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