Gary Gensler actually said...

I thank you for asking because I wasn't able to say it in my oral testimony, but clearinghouses reduce risk immediately upon a default that ...

I think that we should work with this Committee and, hopefully, with Congress to clarify, because that would actually raise risk of clearing...

I think, Congressman, you have hit upon the core question for Congress in this.

let's bring regulation to the over-the-counter derivatives.