Gary Gensler actually said...

I think that the system failed to protect the public on this when you look at the various incidents over the years.

Gensler reflects on the failures of the system to protect the public.

07/31/2012

More Gary Gensler Quotes

One year ago, the financial system failed the American public. The financial regulatory system failed the American public.

I think that if it is a standard transaction, it would be best to be brought into central clearing and central trading.

I think that FERC take the leadership over RTOs.

I think that the financial system so terribly failed the American public, and part of that is this over-the-counter derivatives world.