The SEC now is 3500 chickens, and we need to get some foxes in there.

Government has coddled, accepted, and ignored white collar crime for too long. It is time the nation woke up and realized that it's not the armed robbers or drug dealers who cause the most economic harm, it's the white collar criminals living in the most expensive homes who have the most impressive resumes who harm us the most. They steal our pensions, bankrupt our companies, and destroy thousands of jobs, ruining countless lives.

The best thing you can say about offshore investors is that they're tax cheats in their home countries.

A super-sized fraud of this magnitude was bound to happen given the lack of regulation of these off-shore entities.

Now, a 45-degree angle is not something we deal with in finance. It's something you see in a high school geometry class. Performance like that has never been recorded in human history.

The SEC now is 3500 chickens, and we need to get some foxes in there.

I don't know how I could have been more explicit. I gave them a roadmap and a flashlight, but they didn't go where I told them to go, they didn't look where I told them to look, they didn't tell the people I told them to call.