Gary Gensler actually said...

I think it is our responsibility, each of us, to make sure taxpayers do not stand behind any financial institution, not clearinghouses.

Gensler emphasizes the need to protect taxpayers from financial risks.

07/20/2011

More Gary Gensler Quotes

The more transparency we bring, it lowers risk as well to the public.

Transparency leads to lower cost, lower bid spreads. It does shift the information advantage away from Wall Street.

We published proposed rules in January and asked for public comment.

What we need in our society, I believe, is that the large swap dealers should be able to fail.