Political Quotes

“the Senate has now approved three nominations to the Commodity Futures Trading Commission. The CFTC is an important independent agency with a mission to provide oversight of the futures, swaps, and options markets, protecting market participants from fraud and manipulation. The agency ensures safety and soundness of the market and makes sure that hedgers, such as farmers and ranchers or manufacturing companies, can manage risks appropriately, and there needs to be confidence in those markets and in the oversight of those markets. The Commissioners confirmed today will not only help protect those markets but finish the implementation of reforms contained in the Wall Street Reform Act. Earlier today I spoke about Sharon Bowen's qualifications, and I was very pleased to see the Senate approve her nomination. Now I wish to talk about the other two CFTC Commissioners appointed by the President who were also confirmed by the Senate just a few minutes ago. For the role of CFTC Chairman, President Obama has selected Timothy Massad. Mr. Massad has a sterling record of public service. Three years ago he was confirmed unanimously by the Senate to serve as the Department of Treasury's Assistant Secretary for Financial Stability. In that position Mr. Massad oversaw the winddown of the Troubled Asset Relief Program.…”