But I would also note that in the Senate Agriculture Committee bill, there is a fiduciary duty that swap dealers owe to pension plans and municipalities, and that seems to me to be a very good idea.
Supports the inclusion of fiduciary duties for swap dealers in financial legislation.
Share
More from Mary L. Schapiro
Absolutely not, and I put out a statement to try and make that quite clear that we do not time our enforcement actions by the legislative calendar.
I think in the first instance, we have got to take care of retail investors. This is really a disgraceful situation in many ways.
No. We should not guarantee that nobody fails. We should allow institutions to fail.
Absolutely not, and I put out a statement to try and make that quite clear that we do not time our enforcement actions by the legislative calendar or by anybody else's wishes.