Gary Gensler
speaker
649 appearances
2 recordings
1 series
first heard Aug 2026
last heard 4d ago
Gary Gensler’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in Sep 2026 with 1.
Appearances
structure.
And if you have really good markets, it benefits somebody just filling up their car with a tank of gas because behind that somebody might be hedging the risk of the oil price going up or down due to war in the Strait of Hormuz or just due to production cycles.
To answer your question at the Commodity Futures Trading Commission, it was a remarkable time to serve.
There it was the 08 financial crisis, 10 million people either losing their jobs, losing their homes, and many, many more people than that.
having financial uncertainty at the time, President Obama decided to put together a team and said, we've not only have to stabilize the economy, but we also have to put in some reforms to make such failures less likely.
Never going to get rid of them completely, but less likely.
We did work with the rest of the Obama administration, with Tim Geitner, with Mary Shapiro, with congressional colleagues, Barney Frank, who we lost earlier this year, Chris Dodd, Blanche Lincoln, Colin Peterson.
These were the relevant chairs of the committees.
And we put together provisions to lower the risks and
Create greater competition in these derivatives markets and what you called swaps markets.
I'm proud to say that not only did we get a law passed, but then we were asked to implement various rules.
We did 67 different rules.
I think 85% of them bipartisan, meaning Republican and Democrats voting together.
I think
Almost two-thirds were unanimous.
And remarkably, 15 or
Or so years later, they haven't been overturned.
Yeah.
The big problem in the middle of that crisis, the credit default swap market, the interest swap markets are functioning at lower cost.
The interest swap market a lot lower spreads, they're called.
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