The raids were preventative, that no attacks were imminent.

Would you support the concept of the bill I plan to introduce that would result in millions more dollars in funding for the SEC?

I worry not only about the SEC's ability to catch the next swindler, but also about its ability to do its most basic job.

When I got to Congress in 1980, the SEC was one of the premier civil service organizations in the Government.

It almost seems they had an attitude that they did not want to find things.

Are you able and willing to fire people who just are not up to the job?

Yes, but it is not close to enough.

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

What are you doing to deal with the issue that both the Inspector General and Mr. Markopolos had pointed out, to try to get into these sort of psychological barriers?

I was still stunned by the details of your report.

You did not have to have any training as an investigator to do the kinds of follow-up that might have revealed this.