Christopher J. Dodd: “Here is the problem you get into with that.”

I am told, other than on a relatively few violations of the fraud statutes, most of the violations were of SRO regulations.

But we should not underestimate the value of what one average American--what the impression of one average American makes--can make on a first-time visitor to this country or a repeat visitor, for that matter.

I do not think that was really smart to have Minnesota having fewer dots up there than Connecticut.

I am particularly disturbed, I will tell you, when I find that about a third of this $1.4 billion is actually a penalty.