The financial crisis only highlights this in dramatically revealing how unregulated OTC derivatives and their dealers actually can heighten and concentrate risk to the great detriment of the American public.
Gensler discusses the risks posed by unregulated derivatives highlighted by the financial crisis.
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I think that the Congress' wisdom was to have an agency to oversee disclosure-based markets.
I really strongly believe in our constitutional system do it by the law, and how the courts interpret the law.
I do share your concerns that this is a field that is rife with fraud and manipulation and scams.
The New York Stock Exchange can't actually also run a hedge fund on and trade against their customers.
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