Gary Gensler actually said...

I couldn't agree with you more. I believe that is why we also need, working with Congress, to come up with a regime for the customized product.

Gensler emphasizes the need for a regulatory framework for customized derivative products.

02/24/2009

More Gary Gensler Quotes

we did not regulate the swaps marketplace, and it contributed to the crisis that we had in 2008.

I think that central clearinghouses need robust oversight.

only benefits Wall Street and does not benefit Main Street or the corporation that provides service to America.

They absolutely have to make sure everything clears.