I am not afraid of regulation, but that can't possibly work.

That is ridiculous.

The collapse of MF Global was one of the largest bankruptcies in our Nation's history.

I am going to take you at your word that you never gave instructions to misuse customer money.

People are tired of opening their newspapers and reading stories about failures on Wall Street.

The victims need to be made whole. And anyone who acted improperly certainly needs to be punished.

They are inadequately funded. The Republican Appropriations Committee this year voted them $172 million, less than they have in the current year.

I know where you were, and I know you were coming down, but you were still in the 30 to 1 ratio when you left the firm as well.

That is what I wanted to know.

So you were going to sell the company to a company you didn't know anything about?

And then, as I understand it, you moved that money to the U.K.