So you really did not know what was going on or the problem with the trade until you read the press reports like all of us?
Under Chairman Gensler's watch, customers of MF Global had $1.6 billion of funds improperly taken from their accounts.
The first and most basic responsibility, I believe, Mr. Chairman, of the CFTC is to ensure that customer funds are not misappropriated.
What is your responsibility?
Since the passage of the Dodd-Frank Act, its proponents have repeatedly claimed that both consumers and our financial markets will benefit f...
We need regulators who are willing to explain their actions rather than run for the hills.
A lot of people have been basically saying, Chairman Gensler, that the CFTC and the SEC, Chairman Schapiro, were in the dark, that you did n...
Where was the SEC here? Did they know what was going on? And if not, why not?
I would like to go back to MF Global, if I could, Mr. Chairman.
You are supposed to protect your customers' funds separately. Is that right?
MF Global CEO Jon Corzine personally appealed that decision to the SEC, chaired by Chairman Schapiro.
Well, that goes to the heart--and I would be interested in the answer--of the SEC and the CFTC's coordination of the regulation.
I do not know of any--bank or financial institution that has been well capitalized, first; second, well managed and well regulated that has ...
I agree. We should not let, you should not let institutions that you regulate operate in a dark hole somewhere.
The fact is a breach is a breach.
Well, how did you come up with the number of 58 percent that were reported if you didn't have a definition?
Do you share my overall concern about the solvency of FHA, which is under your jurisdiction?
The latest actuarial report states that FHA's capital ratio is only 0.24 percent. Mighty low.
