Quotes About CFTC

The SEC and CFTC are expert agencies blessed with immensely capable professionals. Judges value and defer to that expertise - when it's exercised to make the hard decisions that Congress entrusts to an agency.

Merging the SEC and CFTC was a political nonstarter because they were overseen by separate committees in Congress. The

Merging the SEC and CFTC was a political nonstarter because they were overseen by separate committees in Congress. The congressional oversight committees jealously guarded their turf because the market players regulated by the two agencies could be counted on to provide lucrative campaign contributions.

A dramatic spending increase to fund the SEC and the CFTC, as envisioned by the authors of the Dodd-Frank legislation, would further the mindset that our nation's problems can be solved with more spending, not more efficiency.