Three years ago, both the financial system and the financial regulatory system failed, and as the Chairwoman said, more than eight million Americans still have lost their jobs and many Americans are struggling.
Gensler highlights the impact of the financial crisis on American jobs.
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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.
In fact, we do need to do analysis because Congress mandated it. We have to analyze the efficiency, the competition, and the effects on capital formation.
I think that the Congress' wisdom was to have an agency to oversee disclosure-based markets where issuers are asking the public to buy and sell their securities.
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