Mary L. Schapiro: “I believe additional resources are essential to restoring the SEC as a vigorous and effective regulator.”

I think in the first instance, we have got to take care of retail investors. This is really a disgraceful situation in many ways.

It is a symptom of the times and a political culture that is quite frankly seriously 'nuts.'

We have to have an overriding concern that the integrity of a clearinghouse not be compromised.

The transparency is really the critical piece here because it allows market participants to understand.