Gary Gensler actually said...

I think that at the core, we lost over 7 million jobs in this country because both the financial system and regulatory system failed the test.

Gensler argues that effective regulation can prevent job losses linked to financial system failures.

02/14/2011

More Gary Gensler Quotes

Congress should avoid any bright-line exemption that runs the risk of creating the next regulatory loophole.

History demonstrates that bright-line statutory exemptions or exclusions granted at one point in time can have unintended consequences.

[w]e now face a new set of challenges as the nation continues to recover from last year's failure of the financial system and the financial ...

I think Congress does want one agency.