Gary Gensler actually said...

I think that if it is a standard transaction, it would be best to be brought into central clearing and central trading.

Gensler advocates for standard transactions to be centrally cleared for transparency.

03/08/2010

More Gary Gensler Quotes

As Chairman of the CFTC, I will use every tool and authority available to protect the American people from fraud, manipulation and excessive...

I think one of the great lessons of AIG was that there was unregulated institutions. That's why I am for regulating all derivative dealers, ...

I'm committed to make sure that taxpayer dollars are put to work most appropriately and efficiently.

I am recommending that those should be regulated, and the credit default swaps' unique properties.