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November 14, 2011

Better Markets Statement on CFTC Funding

 

 “Not funding the CFTC is like taking the police off the streets in a high-crime area, which is what Wall Street is,” said Dennis Kelleher, president and CEO of Better Markets, a nonprofit that promotes the public interest in the financial markets.  “They proved that when they caused the 2008 financial collapse. Risky trading in dark markets is highly profitable to Wall Street and very expensive for every other person in America. They got billions in bonuses and we got the bill for trillions of dollars to clean up their mess. The only way to prevent them from doing that again is to make sure that the CFTC has the funds to do its job.” 

 
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