An Open Letter to Gary Gensler

Dear SEC Chair Gensler: First, let me say I’m a little intimidated by your expertise. • You started as an investment banker at Goldman Sachs. • You were chairman of the CFTC. • You won the Alexander Hamilton Award (not for the musical, but the actual Treasury that Hamilton founded). • You reformed the financial regulatory system, for which you were awarded the Tamar Frankel Fiduciary Prize. • You taught blockchain at MIT, where students…

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U.S. Securities and Exchange Commission Chair Gary Gensler Gives “Cracking” Advice

With all due respect Mr. chair, are you feeling ok? In a video uploaded to Twitter last night, U.S. Securities and Exchange Commission Chair Gary Gensler, who was nominated by President Joe Biden, imparted his best advice to young college students that they should be start saving early and save often. To support his thesis, he used an example of a young student saving just $5 a week in an account earning 8% interest, noting…

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It’s Fed Decision Time

It’s decision day once again for the world’s most powerful financial institution. As we know, the Federal Reserve has been manipulating free market interest rates by way of their overnight federal funds rate, which is currently set at historic lows of 0.25%, where it has been for the better part of the last 13 years. No analysts are predicting that the rate will change today, but many will be looking for clues as to when…

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