Chuck Schumer actually said...

The bottom line is, while the SEC may need new laws and new tools, they had all the laws necessary on the books to catch Madoff.

If you could go lower, would you give them a lower grade than that?

The SEC apparently couldn't hit the broad side of a barn if you gave them a shotgun and directions.

Do the top salaries have to be raised, or what you can pay for some certain key people have to be raised?