Rep. Johnson Makes Corzine Squirm With Questioning

Gary Gensler worked for Mr. Corzine at Goldman Sachs in the 1990s. Their relationship is now under scrutiny. Mr. Gensler recused himself from the investigation of MF Global after Senator Charles E. Grassley, Republican of Iowa, raised questions about Mr. Gensler’s past acquaintance with Mr. Corzine. Republicans are now criticizing Mr. Gensler for stepping back at such a crucial moment for the agency. Representative Timothy Johnson (R-IL) said on Thursday that it was “entirely unacceptable” for Mr. Gensler to not testify at the hearing. He also criticized what he has called a “Goldman Sachs fraternity.”