Political Quotes

Gary Gensler: We have a fundamental crack or a problem in our foundation here in that the system designed to hedge risk, to ameliorate…

On the recordSeptember 16, 2009
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?
Said by
Gary Gensler
Democratic · District of Columbia

Editor's note · Context

Gensler discusses issues in the risk management system causing economic risks.

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Sep 26, 2023

The only thing political is protecting the American public, which I think Members of both sides of the aisle will probably agree with.

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It seems it is like a chia pet. It looks like a good idea for a gift until you buy it.

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The New York Stock Exchange can't actually also run a hedge fund on and trade against their customers.

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I think that the Congress' wisdom was to have an agency to oversee disclosure-based markets.

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