iNeal

Fast Money Recap - Has Ben Gone Nuts? (12/17/08)

"President-Elect Barack Obama on Thursday chose financial regulator Mary Schapiro to head the Securities and Exchange Commission and former Treasury undersecretary Gary Gensler to run the Commodities Futures Trading Commission. The choice of Schapiro, who is the CEO of the Financial Industry Regulatory Authority, or FINRA, shows the incoming administration is serious about combining the agency and the Commodities Futures Trading Commission because she has experience at both regulators, said political observers. "Financial regulatrory reform will be one of the top priority of mine," said Obama."