On the recordJuly 20, 2009
I think, Senator, that we had a worldwide asset bubble in a lot of classes of assets.
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congress.govI think, Senator, that we had a worldwide asset bubble in a lot of classes of assets.
Gensler discusses the global asset bubble affecting various commodities.
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The only thing political is protecting the American public, which I think Members of both sides of the aisle will probably agree with.
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.
Chair Gensler said there were many more disclosure rules coming down the line.
It seems it is like a chia pet. It looks like a good idea for a gift until you buy it.