At that time, Secretary Geithner stated that the Administration would work with Congress to develop housing finance legislation and that, quote, would like to try and do that within the next 2 years.
Richard Shelby
The Public Record
Richard Shelby is a former United States Senator from Alabama, serving from January 3, 1987, until January 3, 2021. A member of the Republican Party, Shelby was known for his work on various committees, including Appropriations and Banking, Housing, and Urban Affairs. Throughout his tenure, he focused on issues such as military funding, economic development, and infrastructure improvements in Alabama.
OK. Your written testimony, Mr. Giddens, provides an overview of large cash movements at MF Global during October 2011.
The collapse of MF Global is one of the largest bankruptcies in U.S. history and the greatest consumer protection failure since the enactment of the Dodd-Frank Act.
OK. Were there any subsequent large transfers out of MF Global's own accounts to pay counterparties?
But were you ever concerned that there might be some things wrong at MF Global?
That $1.6 billion in customer assets that remain subject to ownership dispute reveals a serious regulatory failure, I believe.
What is your best judgment on how long it will take to recover the remaining $900 million in customer funds?





