So you were going to sell the company to a company you didn't know anything about?
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.
One of the reasons why the money would be moved offshore because those rules are different there.
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…
I am not suggesting that you were doing anything other than what everybody else was doing.
I guess my question is--which I know you won't be able to answer--who else was doing this?
The regulators didn't find a serious problem with it, just a little bit of a problem.
I am trying to figure out, in times where there really is a run on the bank, where there really is desperation, ordinary protocols sometimes go out the door.
But for the sake of discussion, I also presume that as a bankruptcy trustee, you were collecting information on all creditors, not just customers, is that a fair assumption?
So I think trying to restore this and trying to get it right, any suggestions are welcome, but I agree with my colleague, Ms. Slaughter, that we need to move something.





