I do not know of any--bank or financial institution that has been well capitalized, first; second, well managed and well regulated that has gotten in trouble.
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 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.
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?
Millions of mortgages are underwater, and Fannie and Freddie continue to lose money at the expense of the American taxpayer.
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.