Rep. Scott Garrett is willing to defend the Securities and Exchange Commission once in a while, but he has his limits.
At a hearing on the agency's recent settlements, the New Jersey Republican — who has doled out his fair share of SEC criticism — accused Democrats of trying to pressure the agency to bring more cases to court, and called efforts to substitute lawmakers' judgment for SEC lawyers "completely misguided."
"He's in such a supportive mood of the SEC, you ought to ask him for more money," Chairman Spencer Bachus said to the agency's enforcement director, Robert Khuzami, who testified before the panel.
Without missing a beat, Khuzami replied, "Can we have some more money?"
"You're doing such a great job in this area," Garrett said, trailing off.
We think that's a 'no.' "
