We have heard a lot of 35-cent words being tossed around, something called 'rehypothecation.'
For the entire panel, in your testimony this morning all of you have referenced a loss of confidence in the futures market in the aftermath ...
You have certainly put a personal face on this travesty.
Funds do not simply disappear. Someone took action, whether legal or illegal, to move that money.
Seventy-two percent is better than where you stood a week ago, but you are not made whole.
This is a violation of the most sacred rule of the futures industry, you do not break the glass in regards to segregated funds.
The fundamental rule in the futures markets business is to segregate--to keep apart--customer accounts and company accounts.
The customers here today, and the thousands of others across the country whose money is missing, deserve answers.
I am referring, as the Chairman has indicated, as well, to the collapse and bankruptcy of MF Global.
I am going to continue in regards to the line of questions that I had for the Chairman.
That is a dodge, you know? That is not right.