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Gensler Calls CFTC Budget Hike For 2010 Insufficient

By Erin Fuchs ( June 2, 2009, 12:00 AM EDT) -- Even though President Barack Obama is requesting funding hikes for both the U.S. Commodity Futures Trading Commission and the U.S. Securities and Exchange Commission, CFTC Chairman Gary Gensler told the Senate on Tuesday that the increase still wouldn't provide the "critical mass" of expertise needed to free the markets of manipulation....

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