it is the duty of our Committee and all of you and the regulators to ensure that the markets are safe and sound and that there is, in fact, confidence in the system
We are going to be asking a lot of questions about additional authority from Congress in terms of putting customer funds...
Which is why we are here, because they are not, right? I mean, the concern is that funds were not kept segregated.
Thank you very much.
It does matter how many investigators, how many cops there are on the beat, even on the Wall Street beat.
I think we need to prepare for the worst.
Certainly MF Global is a stark reminder of the consequences if we play politics with agency resources, because, ultimate...
We passed Wall Street Reform to prevent systemic failures and to ensure that taxpayers are never again asked to bail out...
We need a consistent set of rules, not conflicting or duplicative regulations.
The crisis in Europe is a reminder of how important it is to get these rules done and to get them done right.
I have serious concerns that our system of audits and reviews is inadequate to identify and address the kinds of problem...