Gary Gensler: “I think that we actually already have a number of clearinghouses that…”

On the recordJune 21, 2009

I think that we actually already have a number of clearinghouses that have been very well and successfully regulated for decades.

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Democratic · District of Columbia

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Gensler discusses the successful regulation of clearinghouses in financial markets.

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That is because--and with all respect, that is because they are choosing to try to not comply with U.S. law.

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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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Gary Gensler: “I think that we actually already have a number of clearinghouses that have been very well and successfully regulated for…”