David Vitter

What was the preparation you undertook before that testimony?

I think you actively misled me and the Committee.

Did you describe those pleas from that division?

And that is the first time the SEC looked into and investigated Stanford?

I think Chairman Schapiro has proven some leadership on this issue.

Thank you, Mr. Chairman. Thank you, Mr. Kotz, for your work.

I think it takes time for a culture to be changed.

Well, that is certainly important, but I am not asking about the timing of the Goldman case.

We are no longer focused on stats; we are focused on important cases.

I think Director Khuzami has proven some leadership on this issue.

So it is clear from your investigation that he affirmatively made the decision to close the matter at that time, in 1998?

This isn't just one major disappointing scandal. It is really three.

They quite frankly are pretty certain of the opposite when they look at shallow water.

So do you know how many rigs you anticipate being idled by the end of the month?

Just to clarify this point, do these numbers, does your report reflect the impact on the job losses of the de facto shallow water moratorium?

I have to tell you I talk to these people every day and it sure as heck is not what they are telling me.

No economic analysis of consequence was done prior to that dramatic decision?

That is the de facto moratorium.

What to date is the impact of the moratorium on federal revenue and the deficit, and what do you project it to be continuing into the future?

Remind us, and I know you testified about this, how many of those workers have been laid off to date?

I am glad you all are finally here to do that.

Thanks to our witnesses today.

We are still waiting to hear the justification. The people of Louisiana are still waiting to hear the justification.

Now, in this context, it just happened yesterday, but do you have any comments or reaction to this move by the administration, at least in deepwater, possibly broader, to get rid of this NEPA categorical exclusion?

What percentage of those ports' activity is directly related to offshore oil and gas?