Gary Gensler actually said...

The financial crisis has taught us that the derivatives trading activities of a single firm can threaten the entire financial system.

Gensler warns about the systemic risks posed by derivatives trading.

09/16/2009

More Gary Gensler Quotes

We probably do have the authorities.

I think we need to move the self-regulatory organizations and the CFTC a bit more to risk-based approach.

I think that we will never protect that there will not be somebody trying to steal or lie or cheat.

If it would be helpful, I could just submit a written statement outlining our responses to each of the instances that were noted in the pres...