Gary Gensler: “I thank you for inviting me to today's hearing on implementing the Dodd-Frank Wall Street Reform and Consumer Protection…”

No. The answer is, no.

In fact, we do need to do analysis because Congress mandated it. We have to analyze the efficiency, the competition, and the effects on capital formation.

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

If I can say, breaking the law and not liking the law are different than lack of clarity.