Gary Gensler actually said...

I think our financial regulatory system failed, so I would look forward to working with however Congress addresses this issue.

Gensler acknowledges failures in financial regulation and seeks collaboration with Congress.

09/16/2009

More Gary Gensler Quotes

We do believe that we have sufficient legal authority.

I think it was the clear intent of Congress that pensions would be able to use swaps to hedge their risk.

It is our understanding that there is an exemption for end users vis-a-vis margin.

we look forward to working closely with Congress to continue addressing these critical issues.