But even for a repo, I guess what I am getting at, as I understand, and this really is not just MF Global, as I understand it, under the rules of the CFTC a week ago, or 2 weeks ago, whatever it was, everybody talks about segregated funds, that somehow the customers' money is locked away never to be touched.
Capuano discusses the misconceptions about customer funds and CFTC rules.
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I think it is important for us all to understand that we are talking about something that has a huge benefit to those of us that live in rural populations and, again, benefits the urban centers so they can get across those rural areas.
somebody somewhere at DHS and ICE, at some point, is going to have to ask themselves, when is it too much? When are the orders too much? I can't do them.
It seems to me that today's subcommittee hearing shows that we are well past the point of glossing over the problem and, again, saying the taboo words 'all options are on the table.'
I am also very concerned regarding reports that the OCC has found that more banks open accounts without the consent of their customers.
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