Gary Gensler: “I think it is important to bring, as you say, greater regulation to this whole over-the-counter derivatives marketplace.”

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.

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.

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.

The Commission has already approved the (crosstalk)....