The General Services Administration plays an important role in the federal government, both as a landlord and as a procurement hub.

There are a lot of people out there who actually think that SBA is strictly a grants program, that somehow there is no repayment involved.

I really want to thank you for your service, for your work, for the study you've undertaken.

can what happened in 2008 happen again and what role can the SEC play in making sure that it doesn't happen.

Unfortunately, we cannot discuss the fiscal year 2014 budget request without talking about the elephant in the room.

What do you know fully the effects so far to be on the SBA?

I am concerned about whether, with the sequester, you have sufficient resources to do that job.

The SEC is our cop on the beat for Wall Street, and its enforcement and oversight duties are of the utmost importance in preventing another financial meltdown.

I must admit publicly that I was pleased when President Obama announced his nomination of Chairman White as the new head of the SEC.

I believe that some of these problems are symptomatic of the fundamental problems within the SEC's organization and structure.

One of the key lessons from Katrina is going to be if the coordination has worked better as far as how the federal government responds to a disaster.

Now I cannot emphasize enough that that has been, as you well know, something that we New Yorkers thought would never happen in our part of the world, and the devastation has been massive.