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.
Share
More from Gary Gensler
Jun 3, 2024
I think that the Congress' wisdom was to have an agency to oversee disclosure-based markets.
Jun 4, 2024
The CFTC, I love, it is a great agency, but it was set up to do the derivatives.
Jun 3, 2024
That is because--and with all respect, that is because they are choosing to try to not comply with U.S. law.
Sep 26, 2023
This extreme MAGA shutdown would cripple the SEC's ability to stop fraud, help businesses raise money, or finalize rules that are critical to investors.
Other voices in this conversation
