Political Quotes

Gary Gensler: I think that going back to the genesis of this market, and it happened in Senator Durbin's State, in Chicago, in the…

On the recordMarch 20, 2012
I think that going back to the genesis of this market, and it happened in Senator Durbin's State, in Chicago, in the 1860s, when a wheat farmer or somebody growing corn, they needed to lock in a price at harvest time.
Said by
Gary Gensler
Democratic · District of Columbia

Editor's note · Context

Gensler explains the historical context of speculation in markets.

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