Gary Gensler: “But, at some point, people also have to put in perspective that the public out there just feels completely unprotected…”

It seems it is like a chia pet. It looks like a good idea for a gift until you buy it.

it will be hard for us to oversee the markets

Actually, sir, we follow the mandate. In 1996, Congress put in our statute that we had to do economic analysis, and we follow that.

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.