Political Quotes

Gary Gensler: “The CFTC is not the right size for its new and expanded mission Congress has directed it to perform.”

On the recordJune 24, 2013
The CFTC is not the right size for its new and expanded mission Congress has directed it to perform.
Said by
Gary Gensler
Democratic · District of Columbia

Editor's note · Context

Gensler emphasizes the need for more resources for the CFTC due to its expanded responsibilities.

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It is rife with fraud, scams, and abuse.

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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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The CFTC, I love, it is a great agency, but it was set up to do the derivatives.

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