I believe that even now, where the Federal Reserve might have broad holding company regulation, that if confirmed, I would look forward to working with Congress and the other regulators to make sure that the dealers themselves have to have capital, business conduct, and reporting requirements.
Gensler emphasizes the importance of working with Congress for better regulation.
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If I can say, breaking the law and not liking the law are different than lack of clarity.
I really do think it is such a privilege to serve and the important thing we do is we look out for 330 million Americans.
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 New York Stock Exchange can't actually also run a hedge fund on and trade against their customers.
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