Money Talks: Wall Street's top cop
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 26 October 2022
⏱️ 39 minutes
🧾️ Download transcript
Summary
Gary Gensler has spent just a little over a year and a half as the head of the Securities and Exchange Commission (SEC), America’s top markets regulator. In that time, he’s proposed 40 separate filings for rules, given 60 speeches, and intervened, in sometimes controversial ways, in everything from crypto to SPACs to environmental regulations. In other words: he is getting a lot done and making a lot of people angry.
On this week’s episode, hosts Alice Fulwood, Mike Bird and Soumaya Keynes sit down with Mr Gensler to try and figure out what he wants to accomplish and how he plans on getting it all done. They discuss everything from the functioning of the Treasury market, to efforts to prioritise retail investors in the wake of the meme-stock craze, to why he thought it was important that the SEC fine the reality television star Kim Kardashian.
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Transcript
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| 0:00.0 | Money talks from the economist is sponsored by Invest Puerto Rico. |
| 0:06.0 | More than just a Caribbean paradise, Puerto Rico is a business powerhouse. |
| 0:11.0 | This U.S. territory is a fast-growing hub for innovators. |
| 0:15.0 | Puerto Rico boasts numerous tax credits, business incentives, |
| 0:19.0 | and world-class talent that take your business to the next level. |
| 0:23.0 | Find out why at InvestPR.org. |
| 0:26.0 | Gamechangers, welcome home. |
| 0:31.0 | The question is, is it the sense of the Senate that debate on the nomination of Gary Gensler of Maryland |
| 0:41.0 | to be a member of the Securities and Exchange Commission shall be brought to a close? |
| 0:44.0 | The Yez and Nasir mandatory under the rule, the clerk will call the roll. |
| 0:48.0 | There's Baldwin, Mr. Barassa. |
| 0:50.0 | Exactly 555 days ago, Gary Gensler was confirmed by the Senate |
| 0:54.0 | to be the next head of America's Securities and Exchange Commission. |
| 0:57.0 | The country's top financial markets regulator. |
| 1:00.0 | The Yez are 54, the Nasir 44, one Senator responded present, and the motion is agreed to. |
| 1:06.0 | Since then, he's given 60 speeches. |
| 1:09.0 | I'm happy to appear here at SEC speaks for the first time as chair. |
| 1:13.0 | Thank you so much, Wendy, and it's good to be with serious today. |
| 1:16.0 | I'm glad to be here today to help kick off the 40th annual small business forum. |
| 1:21.0 | Proposed 37 separate filings for regulatory rules. |
| 1:25.0 | Gary Gensler expected to speak today with anticipation that he could propose changes |
| 1:30.0 | to the way that your stock orders are carried out. |
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