We have a fundamental crack or a problem in our foundation here in that the system designed to hedge risk, to ameliorate risk, actually has caused risk in the economy; what is the underlying solution to that?
Gensler discusses issues in the risk management system causing economic risks.
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The New York Stock Exchange can't actually also run a hedge fund on and trade against their customers.
I really do think it is such a privilege to serve and the important thing we do is we look out for 330 million Americans.
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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