Pat Roberts

That's what you want us to provide, a legislative framework to really define that you do have the authority to act on your own letters?

It's a pretty sad situation, Mr. Chairman.

I believe it's important to outline some of the previous actions that members of this committee and the Senate have taken in the past to review and take action on issues relating to compounding pharmacy.

I want to work to ensure that we don't do anything to alter that practice.

That's a hell of an authority.

Ms. Klemme, you are certainly a feisty advocate on behalf of your organization that I am fully acquainted with, and I thank you for your interest and your leadership.

Didn't MF Global have internal controls regarding how and where money could be moved that would prevent this from happening?

I urge you, do not stovepipe this. You know, let us work together.

At the end of the day, what is your best estimate of the percentage of customers' money they will finally get back out of this bankruptcy?

And your lenders would support that? I know you are quoting your lenders a lot. Your lenders have told you something like that?

I thank you for that clarification.

Well, thank you, Madam Chairwoman, for that excellent statement, and thank you for scheduling this hearing on an important issue regarding our oversight responsibilities for the CFTC.

there is a lot of angst, a lot of frustration, and a lot of anger in farm country about this.

Well, get familiar. I appreciate that very much. My time is up.

I think with all of the questions that were by members, which have been good questions--and the previous panel has been a good panel.

Was this sheer incompetence? Or did someone somewhere within MF Global know exactly what they were doing?

If Congress steps in and starts the process of regulating on-farm production practices, I do not think that HSUS or the animal rights groups or anybody else that is advocating for that will stop.

I do not think this is the proper solution.

Senator Feinstein and the egg producers of California have a real challenge.

There is absolutely no excuse for animal cruelty.

I would expect that those consumer implications, while not immediate, that over the next year could be considerable.

After the deal was reached, were you ever formally polled to see if you supported the agreement?

Do you have concerns that a regulation like this will just lead to even more consolidation in what is already a very consolidated industry?

Why are we considering a law that calls for 144 square inches for white eggs or, for that matter, 130 or 150?

I truly appreciate the chance to hear from my friend and colleague, Senator Feinstein.