Gary Gensler actually said...

The Congress said in the 1930s that we shall set position limits, and we should go about that job to help protect against the burdens that can come from excess speculation.

Context

Gensler emphasizes the historical mandate for setting position limits to curb speculation.

07/20/2009

https://www.congress.gov...

More Gary Gensler Quotes

I think that the CFTC has over many years developed a skill set and has a mission to oversee the derivatives marketplace.
6/3/2009
We absolutely need this in working with Congress to make sure that it has clear authorities on those most systemically relevant.
6/3/2009
That's why I am for regulating all derivative dealers, whether they're affiliated with banks or not.
6/1/2009
I wish to applaud you and Senator Levin on that bill.
6/1/2009

View All Gary Gensler Quotes