Gary Gensler: “A requirement for end users like MillerCoors to post margin to its counterparties would have a serious impact on our…”

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

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.

I think that the Congress' wisdom was to have an agency to oversee disclosure-based markets where issuers are asking the public to buy and sell their securities.

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