On the recordJune 14, 2011
A cut to our funding would mean we could not oversee these markets.
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congress.govA cut to our funding would mean we could not oversee these markets.
Gensler highlights the risks of reduced funding for market regulation.
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If I can say, breaking the law and not liking the law are different than lack of clarity.
It seems it is like a chia pet. It looks like a good idea for a gift until you buy it.
I think that the Congress' wisdom was to have an agency to oversee disclosure-based markets where issuers are asking the public to buy and sell their securities.
The CFTC, I love, it is a great agency, but it was set up to do the derivatives.