AFR in the News: Obama Nominates Senior Treasury Official to Lead CFTC
“The CFTC is at an important crossroads,” the Washington Post observes. “The 2010 Dodd-Frank Act directed the agency, with 674 employees and a $194 million budget, to oversee a $400 trillion piece of the unregulated derivatives market, a key contributor to the financial crisis. The CFTC has almost finished writing the rules mandated by the law and must now get Wall Street to comply.”