There was a lot of competition for Quote of the Day today. Between President Obama’s double-speak, a rationally exuberant Janet Yellen, and overnight idiocy from Suga and Abe, choices were numerous. But the following from Gary Gensler – still chair of the CFTC – took the provberial biscuit:
- *GENSLER: ‘I THINK MARKETS WORK BEST WHEN THEY’RE TRANSPARENT’ (but)
- *GENSLER SAYS HE ‘BENFITED FROM DARKNESS’ IN WALL STREET CAREER
Well that sums it all up.. The question is – will Massad have a CFTC-shaped floodlight fixed to the roof of the agencies’ building?
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via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/QEdD54zSElY/story01.htm Tyler Durden