On the recordFebruary 9, 2011
it is more informed because Congress tells us what we have to do
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congress.govit is more informed because Congress tells us what we have to do
Gensler argues that Congressional directives provide a more informed approach than the President's Executive Order.
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I really do think it is such a privilege to serve and the important thing we do is we look out for 330 million Americans.
In fact, we do need to do analysis because Congress mandated it. We have to analyze the efficiency, the competition, and the effects on capital formation.
I think that the Congress' wisdom was to have an agency to oversee disclosure-based markets.