Barack Obama actually said...

"This scam is at least a decade old, owing its success to 'multiple failures' at the SEC and elsewhere to catch this crook."

"If confirmed, I am dedicated to working with President-elect Obama and Congress to forge an economic recovery plan."

"The SEC is not solely responsible for policing the entire financial market, but as the agency charged with investor protection, we must be able to look to the SEC to prevent outright fraud and manipul..."

"I firmly believe that the evidence shows that timely government investment will be very beneficial."