On the recordMarch 8, 2010
I think that the financial system so terribly failed the American public, and part of that is this over-the-counter derivatives world.
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congress.govI think that the financial system so terribly failed the American public, and part of that is this over-the-counter derivatives world.
Gensler reflects on the failures of the financial system affecting the public.
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Chair Gensler said there were many more disclosure rules coming down the line.
The New York Stock Exchange can't actually also run a hedge fund on and trade against their customers.
I think that the Congress' wisdom was to have an agency to oversee disclosure-based markets.