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CFTC's Gensler Acknowledges Failure in Pergerine Oversight

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  • Description

    FBN's Robert Gray breaks down mid-afternoon market news.

  • Duration 0:53
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I'm Robert -- your Fox Business -- the chairman of the Commodity Futures Trading Commission says.

His agency failed in its oversight of the -- scandal Gary Gensler made the statement in testimony on peregrine and MF global before the senate agriculture committee.

I believe the system failed to protect pair prince customers here and that we are must do better.

Including the CFT says it.

And the US Treasury Department plans to offer floating rate bonds the coupon payments would move with short term rates which had been near zero since 2008.

The treasury is also preparing for negative -- getting -- Chrysler crisis similar to 2008.

In which investors would essentially -- the government for the right to hold its debt.

And that is the latest from the Fox Business Network giving you the power to prosper.

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