On the recordJuly 20, 2009
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.
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congress.govThe 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.
Gensler emphasizes the historical mandate for setting position limits to curb speculation.
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If I can say, breaking the law and not liking the law are different than lack of clarity.
The New York Stock Exchange can't actually also run a hedge fund on and trade against their customers.
The CFTC, I love, it is a great agency, but it was set up to do the derivatives.