John Sarbanes actually said...

"if this isn't being exercised properly as an enforcement tool, it is sending a signal to industry that, in a sense, the cop is off the beat."

"Are you aware that the State fines have also diminished over the last couple of years?"

"To me that would suggest that the Federal Government needs to step up even more and occupy this space in an aggressive and responsible way."

"I just want to go back on an exchange you had a moment ago because you suggested--you seemed to suggest that the reduction in civil penalties and other things from an enforcement standpoint at the Fed..."