Political Quotes

On the recordFebruary 24, 2009
We should have fought harder for some of the things that we raised with Congress at the time.
Said by
Gary Gensler
Democratic · District of Columbia

Editor's note · Context

Gensler acknowledges the failure to advocate for necessary regulatory measures.

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I do share your concerns that this is a field that is rife with fraud and manipulation and scams.

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I think that the Congress' wisdom was to have an agency to oversee disclosure-based markets where issuers are asking the public to buy and sell their securities.

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the initial public offering market would be shut down with the government

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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.

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