CFTC is down to two commissioners from what
should be five, with reauthorisation coming up next year and
some big issues on the slate. How do you think they're going to
cope with that?
I think in terms of managing the agency, they'll get along
fine. The agency has operated with two commissioners in the
past and I think they will successfully now. When you're
looking at reauthorisation or any big policy issues the
commission may be confronted with I think it's always best to
have five, so hopefully it will get back to its full strength
soon. I expect that it will be a priority of either Bush or the
Kerry administration to get CFTC fully staffed with
commissioners so that they can a have full a debate regarding
The real difficulty that having two or three commissioners
creates, is that you can't sit down with your fellow
commissioners and discuss the issues because of the Sunshine
Act, so you have to do everything staff to staff, which is just
not as efficient.
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