Gary Gensler
speaker
649 appearances
2 recordings
1 series
first heard Aug 2026
last heard 3d 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
I was in the room where the thing was happening.
And we included a provision in those reforms that said that certain folks
Big institutions, what was called eligible contract participants, could enter into swaps both on an exchange and off an exchange.
And this was a big debate.
And there were people like Senator Tom Harkin, who chaired the Senate Ag Committee and then moved on to chair the Senate Health Committee.
Tom said nobody should trade these things off exchange, and we had to convince.
Yeah.
Senator Harkin, no, the big institutions should be able to do interest rate swaps, even if they were bilateral.
But the compromise was that non-eligible contract participants, you might call it the retail public, but I would note you had to have $10 million of liquid assets to be an eligible contract participant.
So a non-eligible contract participant
They can only trade a swamp
on what was called a designated contract market, I'll call it in an exchange.
So that all went into place in October of 2012.
If sports bets are swaps, then every sports bet that was entered into since October 2012 was an illegal off-exchange swap, and voidable
Voidable.
And it's also gives you a sense of the unlikelihood that that's what really did happen.
I think it's unambiguous.
This will end up debated and discussed amongst nine individuals in a small conference room in Washington D C and that's called the Supreme Court.
None of us will be in the room.
Robin's argument and those that make that argument, they're saying the markets will incentivize people to get information out there faster.
Showing 61–80 of 649 · page 4 of 33
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