In the wake of the massive Ponzi scheme perpetrated by Bernie Madoff, the SEC has undertaken an array of reforms to reduce similar frauds.
I think it calls for substantially more oversight from our side of the table because there is a certain level of absorption.
There are substantially greater investments in the resources that your agency and the SEC have to work with.
There reaches a tipping point where perhaps they cannot be absorbed effectively.
When I first visited the Board of Trade and Mercantile Exchange over 25 years ago, they were still clinging to their early image as protecto...
Some of the credit ratings that were given were misleading, to say the least.
Thanks a lot, Mr. Chairman.
Let me say in closing, before turning it over to Senator Collins, the questions I have asked you today have been pointed.
What kind of challenges does this present to your agency to have this kind of mix which is moving toward much different objects that are at ...
I have joined a lot of other people in just finishing Michael Lewis' book, 'The Big Short', and it is really an eye-opener of what was going...
Make no mistake. I still have confidence in your leadership, but we have a responsibility on our side of the table.