The nature of any human being, certainly anyone on Wall Street, is 'the better deal you give the customer, the worse deal it is for you'.

Today, basically, on Wall Street, the big money is made by taking risks.

In today's regulatory environment, it's virtually impossible to violate rules.

All one great big lie.

The whole government is a Ponzi scheme.

You had a lot of novice investors who got into the market looking for easy money, without any regard to the fundamentals. These stocks were running on fumes.

In today's regulatory environment, it's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time.