02/14/2011
https://www.congress.gov...
"The status quo is a really perverse and rigged system that allows Wall Street to suck in innocent investors."
"So, do you think it was a fair characterization in making that argument that in buying CDs, these customers were loaning the broker-dealers money?"
"I represent a lot of Stanford investors."
"it seems to me that is particularly ironic that it is least certain in many cases of outright fraud versus market failure."