Gary Gensler actually said...

We have a fundamental crack or a problem in our foundation here in that the system designed to hedge risk, to ameliorate risk, actually has ...

let's bring regulation to the over-the-counter derivatives.

I believe that we want to protect the American public, that non-bank derivative dealers do have some capital behind what they are doing.

I think that the oversight of the financial institutions who are swap dealers would still be the traditional prudential regulators.