Scared Stiff

No Words from the CFTC About the Regulatory Elephant in the Commodities Room

I don't believe that Gensler "gets it" at all. What he's done here is, he has plucked the lowest possible hanging fruit, and left the swaps market wholly intact; the market which dwarfs the level of trading of all the DB ETF products. Instead of solving any problem, real or perceived, he's again screwed the retail investor, and left his buddies at Goldman Sachs free to do as they will.