On the recordJune 1, 2009
I think one of the great lessons of AIG was that there was unregulated institutions. That's why I am for regulating all derivative dealers, whether they're affiliated with banks or not.
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congress.govGary Gensler: “I think one of the great lessons of AIG was that there was unregulated institutions. That's why I am for regulating all…”
Editor's note · Context
Gensler emphasizes the need for regulation of derivative dealers post-AIG crisis.
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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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