Mike Crapo actually said...

What do you think the top two or three issues or solutions to these issues that we are discussing here should be, the SEC should consider in...

we really do need a consolidated audit trail and a set of regulators that can actually look over this stuff

More than half of all U.S. households, 57 million, according to one study, participate in our markets through either stocks or mutual funds.

The SEC is, I believe as Senator Reed said, hopelessly outgunned.