Mike Crapo actually said...

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

"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 its October roundtable?"

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

"I think it is important for us to focus on the kind of regulatory activity that the Department can bring."