02/01/2010
https://www.congress.gov...
"Today, U.S. capital markets, which traditionally have been the envy of the world, are fractured."
"I think we have been really penny-wise and pound-foolish in the way we have funded our regulators."
"I hope this hearing will help inject greater urgency into strengthening U.S. oversight of our fractured, high speed markets to restore investor confidence."
"Fractured Markets. The first fact we need to grapple with is that our markets have changed enormously in the last 5 years."