Gary Gensler, chairman of the CFTC, in his keynote address, placed blame for the financial crisis squarely on the industry.
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The CFTC, led by former Goldman partner Gary Gensler, has gotten more aggressive in the wake of the financial crisis.
Tighter restrictions are a view to which CFTC Chair Gary Gensler subscribes and one that is also supported by large industrial energy consumers.
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This was made clear last month in congressional testimony by Gary Gensler, a senior Treasury official, which prompted a sharp sell-off in Fannie's and Freddie's debt.
Two of the commissioners who voted in favor, Chairman Gary Gensler and Commissioner Bart Chilton, did so because they believed these position limits would prevent excessive speculation.
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Gary Gensler, the head of the Commodity Futures Trading Commission, told the audience at the Securities Industry and Financial Markets Association meeting that the work was far from over.
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Gary Gensler, head of the CFTC and former Goldman Sachs trader, made the move in an effort to issue guidance to the International Organization of Securities Commissions (IOSCO).
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Even so, leading regulators from the EU, the UK, France and Japan sent a letter to CFTC chairman Gary Gensler saying the way the CFTC has implemented CICI violates the reform plans agreed at the G20 meeting in Pittsburgh.
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In addition, Obama announced Gary Gensler, a former Treasury official in the Clinton administration, as his pick to lead the Commodity Futures Trading Commission and Daniel Tarullo, a Georgetown law professor who also worked for President Clinton, to fill an open seat on the Federal Reserve Board.
If the protesters had been able to get into the FIA keynote the following day, they might have been surprised to hear Gary Gensler, chairman of the Commonity Futures Trading Commission, saying something similar about the problems the financial services industry had caused through excessive leverage, as I detail below.
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True, Gary Gensler, a Goldman alumnus (and veteran of the Clinton administration), has been appointed to run the Commodities and Futures Trading Commission, an important regulator of Wall Street, and Mr Obama may be tempted to appoint Jon Corzine, New Jersey's governor to a top job, but Mr Corzine's past stint as boss of Goldman Sachs will not help his cause.
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