You may delegate authority, but you do not delegate responsibility.

This is a violation of the most sacred rule of the futures industry, you do not break the glass in regards to segregated funds.

Now, the buck stops somewhere, and between the three witnesses from MF Global here today, I hope we can find out where those hundreds of millions of dollars landed.

I am going to continue in regards to the line of questions that I had for the Chairman.

Thousands of our constituents are looking at the possible loss of hundreds of millions of dollars and it has nothing to do with Dodd-Frank.

That is a dodge, you know? That is not right.

Unfortunately, in response to the financial crisis, the CFTC, in my view, has been off on a series of tangents.

So all the country elevators out in Kansas can now not worry about putting up on their silos that they are a hedge fund, or that they continue to be a country elevator and not a hedge fund?

We need to get to the bottom of exactly what happened with MF Global.

That just raises it up as a bigger distraction.

It is time to get back, as you have indicated, to the core fundamentals over at CFTC.

I am referring, as the Chairman has indicated, as well, to the collapse and bankruptcy of MF Global.