If there was criminal activity at MF Global, I just don't think that is Congress' role to investigate criminal activity.
Michael Capuano
The Public Record
Mike Capuano is a former U.S. Representative from Massachusetts, serving from 1999 to 2019. A member of the Democratic Party, he represented Massachusetts's 8th congressional district. During his tenure, Capuano was known for his advocacy on issues such as healthcare, education, and civil rights. He served on several committees, including the Transportation and Infrastructure Committee, where he focused on infrastructure development and public transportation improvements in his district.
Good. I guess I feel better that you wouldn't, because I am not aware that any financial institution in the world would let that happen in any legal capacity.
In the normal course of events, what would you expect? I will not hold you to it. Just give me a ballpark idea how long you think it might take for FASB to conclude its review of this and decide whether to amend it or not to amend it. How…
It is kind of funny. It is a classic. I actually think they ought to be in politics, whoever came up with this term.
Yes, I guess at some point, somebody is going to have to explain to me how using my money protects my money.
How does it protect me if some other customer loses their money and, to me, somebody else uses my money to cover their losses?
So, you would--there is no way in the world you would know what they had in an account of $100 or $100 million or a billion, how much money is customer money and how much money is not customer money. Is that correct?
It is my money. I didn't play that game, and yet, you are taking my money to protect some other customer--who lost their money, because they took a gamble.
I guess I am way over time. We are going to have to go through this another day, Mr. Roth.





