On the recordApril 11, 2011
We did not regulate the swaps marketplace, and it contributed to the crisis that we had in 2008.
Source
congress.govGary Gensler: “We did not regulate the swaps marketplace, and it contributed to the crisis that we had in 2008.”
Editor's note · Context
Gensler discusses the lack of regulation in the swaps market leading to the 2008 financial crisis.
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