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WASHINGTON - OCTOBER 23: Rep. Elijah E. Cummings (D-MD)(Seated in back row) questions Securities and Exchange Commission Chairman Christopher Cox during a House Oversight and Government Reform Committee hearing on Capitol Hill October 23, 2008 in Washington, DC. The committee is hearing testimony on the roles and responsibilities of federal regulators in the current financial crisis.
WASHINGTON - OCTOBER 23: Securities and Exchange Commission Chairman Christopher Cox listens to a question directed to him during a House Oversight and Government Reform Committee hearing on Capitol Hill October 23, 2008 in Washington, DC. The committee is hearing testimony on the roles and responsibilities of federal regulators in the current financial crisis.
Former Federal Reserve Chairman Alan Greenspan, left, Securities and Exchange Commission (SEC) Chairman Christopher Cox, center, and former Treasury Secretary John Snow testify on Capitol Hill in Washington, Thursday, Oct. 23, 2008, before the House Oversight and Government Reform Committee hearing on the federal government role in the financial markets.
Securities and Exchange Commission (SEC) Chairman Christopher Cox, center, flanked by Former Federal Reserve Chairman Alan Greenspan, left, and former Treasury Secretary John Snow, testifies on Capitol Hill in Washington, Thursday, Oct. 23, 2008, before the House Oversight and Government Reform Committee hearing on the roll of the federal government in the financial markets.
From left, Former Federal Reserve Chairman Alan Greenspan, Securities and Exchange Commission (SEC) Chairman Christopher Cox and former Treasury Secretary John Snow are sworn in on Capitol Hill in Washington, Thursday, Oct. 23, 2008, prior to testifying before the House Oversight and Government Reform Committee hearing on the federal role of the financial markets.
US Chairman of the Securities and Exchange Commission (SEC) Christopher Cox waits to testify before the House Committee on Oversight and Government Reform hearing on the roles and responsibilities of federal regulators in the current financial crisis October 23, 2008 on Capitol Hill in Washington, DC.
Former Securities and Exchange Commission Chairman Arthur Levitt Jr., from left to right, Promontory Financial Group Chief Executive Officer Eugene Ludwig, and Cuyahoga County (Ohio) Treasurer Jim Rokakis, testify before the Senate Banking, Housing and Urban Affairs Committee hearing on problems in credit markets, and origins of the problem, on Capitol Hill, Thursday, Oct. 16, 2008, in Washington.
WASHINGTON - OCTOBER 13: Arthur Levitt (R), former chairman of the Securities and Exchange Commission, speaks to Rep. Barney Frank (D-MA), chairman of the House Committee on Financial Services, during a news conference with House Democrats and prominent economists on Capitol Hill on October 13, 2008 in Washington, DC. The news conference followed a forum designed to help Congress develop an economic recovery plan.
U.S. House Speaker Nancy Pelosi (D-CA) is flanked by former Securities and Exchange Commission Arthur Levitt (L), and Joseph Stiglitz of Columbia University (R) at a forum with economic experts to help Congress develop an economic recovery plan that focuses on creating jobs and strengthening our economy in her office on Capitol Hill in Washington, October 13, 2008.
WASHINGTON - OCTOBER 07: Lynn Turner, former Chief Accountant at the Securities and Exchange Commission, speaks during a hearing before the House Oversight and Government Reform Committee on Capitol Hill October 7, 2008 in Washington, DC. The hearing was to examine the causes and effects of the AIG bailout.
WASHINGTON - OCTOBER 07: Lynn Turner (R), former Chief Accountant at the Securities and Exchange Commission, speaks as Eric Dinallo (L), Superintendent of the New York State Insurance Department, listens during a hearing before the House Oversight and Government Reform Committee on Capitol Hill October 7, 2008 in Washington, DC. The hearing was to examine the causes and effects of the AIG bailout.
WASHINGTON - OCTOBER 07: Lynn Turner, former Chief Accountant at the Securities and Exchange Commission, listens during a hearing before the House Oversight and Government Reform Committee on Capitol Hill October 7, 2008 in Washington, DC. The hearing was to examine the causes and effects of the AIG bailout.
WASHINGTON - OCTOBER 07: Lynn Turner, former Chief Accountant at the Securities and Exchange Commission, is sworn in during a hearing before the House Oversight and Government Reform Committee on Capitol Hill October 7, 2008 in Washington, DC. The hearing was to examine the causes and effects of the AIG bailout.
WASHINGTON - OCTOBER 07: Lynn Turner, former Chief Accountant at the Securities and Exchange Commission, adjusts his glasses during a hearing before the House Oversight and Government Reform Committee on Capitol Hill October 7, 2008 in Washington, DC. The hearing was to examine the causes and effects of the AIG bailout.
WASHINGTON - SEPTEMBER 18: Securities and Exchange Commission Chairman Christopher Cox (C) talks with reporters after leaving a meeting with leaders from the House and Senate at the U.S. Capitol September 18, 2008 in Washington, DC. Cox, Fed Chairman Ben Bernanke and Treasury Secretary Henry Paulson were on Capitol Hill to brief lawmakers on the latest efforts by the government to stem the recent Wall Street fear and the resulting financial crisis.
WASHINGTON - SEPTEMBER 18: Securities and Exchange Commission Chairman Christopher Cox (C) talks with reporters after leaving a meeting with leaders from the House and Senate at the U.S. Capitol September 18, 2008 in Washington, DC. Cox, Fed Chairman Ben Bernanke and Treasury Secretary Henry Paulson were on Capitol Hill to brief lawmakers on the latest efforts by the government to stem the recent Wall Street fear and the resulting financial crisis.