Political Quotes

Gary Gensler: I think that explicit authority should be given to the Federal regulators, with the CFTC taking the lead on position…

On the recordJune 1, 2009
I think that explicit authority should be given to the Federal regulators, with the CFTC taking the lead on position limits.
Said by
Gary Gensler
Democratic · District of Columbia

Editor's note · Context

Gensler emphasizes the need for regulatory authority over derivatives markets.

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

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It is rife with fraud, scams, and abuse.

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