Eliot Spitzer Securities Quotations

Today President Bush acknowledged that conflicts of interest by securities analysts are a major problem, but he did not articulate a solution,

It's fascinating to me: when it comes to innovation in policy, it all comes from the states, ... It reflects an abject failure of policy (at the national level) in terms of dealing with energy, the environment or the securities industry. And into that void, the states have stepped.

My office, while committed to working with the Securities and Exchange Commission in our investigation of the mutual fund industry, will not be party to settlements that fail to protect the interests of investors and let the industry off with little more than a slap on the wrist,