Jim Bunning: “Let me get one thing straight. You are the Inspector General for the SEC, correct?”

Well, sure, because the bank has to inherit that decreased value.

Is that not just kind of a transferring of what we cannot pay for and what our excesses are presently to my children and grandchildren? Is that not kind of a wealth transfer or a debt transfer?

It seems impossible and outrageous that it took 8 years from the time that possible fraud was identified before the SEC spent any energy on enforcing the law.

Then why do you submit your reports to the SEC so they can redact anything, to prevent the public and our Committee from knowing exactly what you said in the report?