Gary Gensler: “I think the mortgage sales practices in this country failed, failed terribly.”

I hope we can discuss today how undermining the SEC's mission by furloughing 90 percent of your staff will affect this country and your ability to protect our markets.

Actually, sir, we follow the mandate. In 1996, Congress put in our statute that we had to do economic analysis, and we follow that.

I really do think it is such a privilege to serve and the important thing we do is we look out for 330 million Americans.

I really do think it is such a privilege to serve and the important thing we do is we look out for 330 million Americans.