Kit Bond: “Well, unfortunately, it was a drop in the bucket--out of $787 billion.”

The problem of shaky subprime mortgages was exacerbated in Wall Street by creating mirror derivatives...

That means you would often have the unenviable task of determining whether or not there are such violations.

Have you got a number? How many billions will you experience in loss this year?

I think one of the most critical values that will come of financial reform, if it gets passed, which I strongly encourage, is that without question, no one is carving out the products that you address.