Gary Gensler actually said...

We should have the authority to set position limits, because these would be physically limited, these contracts would have a limited supply.

Gensler emphasizes the need for authority to limit positions in carbon derivatives.

06/03/2009

More Gary Gensler Quotes

The non-financial side of our economy provides 94 percent of private sector jobs.

Derivatives markets are critical for farmers, ranchers, producers, and other end-users in the real economy.

I believe that is critical--but they are not doing proprietary trading.

But audits are required once a year of the financials.