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He destroyed the place. mary jo has the capacity to step up to the plate and show us that she can turn that broken agency around. here interest three metrics that i think we judge her by. one, what cases does she bring and bring quickly? use the clayton documents which showed the knowledge within the banks of the corruption of what they were doing about the underlying mortgages, use those documents to make structural cases. two, seek remedies that go way beyond money. reorganize the banks and the way they do business. remedies has been the problem of the s.e.c. even when they prove guilt, they...

Pitt. harvey pitt, former chairman of the s.e.c., a disaster. he first came in and said i want the kinder, gentler s.e.c. he destroyed the place. mary jo has the capacity to step up to the plate and show us that she can turn that broken agency around. here interest three metrics that i think we judge her by. one, what cases does she bring and bring quickly? use the clayton documents which showed the knowledge within the banks of the corruption of what they were doing about the underlying mortgages, use those documents to make structural cases. two, seek remedies that go way beyond money. reorg...

Two, seek remedies that go way beyond money. reorganize the banks and is the way they do business. remedies has been the problem of the s.e.c., even when they prove guilt, they say pass a little money and we go away. that's not enough. and three, the rule-making capacity. and i don't just mean rules about how they issue their proxy statements. i mean rules that empower shareholders to finally run the companies on the behalf of shareholders, not on behalf of the ceos. those are the three different metrics i'm looking for. >> two questions about her which i think you know the answer to. one is h...

And the side bets that coprovide good insurance and helped bring economy down, constraints on those aspect of the business. those aspects can be profitable. it is cutting back on what the banks are doing and that could lead to cutback in profits. >> shannon: all right. what comes next. a lot of criticism i heard about the bill is it left a lot of things undecided. rule making capacity and authorities filled it out there but no detail on key areas. >> a big misconception about what congress does when it passes a law, the president signs the law and it goes into effect. then that is it. federal ...