Beware Lawmakers Who Don't Understand the Roots of the Financial Crisis

17 Mar 2010 email

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Source: Seeking Alpha

Craig Pirrong submits: In an uncharacteristically dyspeptic opinion piece on his newsletter, John Lothian concludes that CFTC Chairman Gary Gensler has his eye on something more than Chairmanship of what has long been an also ran among Federal agencies: There has been talk in Washington, Chicago and in the media that Gary Gensler has ambitions to become the next Treasury Secretary

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“I am not interested in finding ways, nor do we have the authority, to delay, defer, modify, or in any way alter the path set by Congress.”

The CFTC's Bart Chilton defends rulemaking for swaps reporting