Political Quotes

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.

Dec 14, 2011

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

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Dec 14, 2011

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

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Dec 14, 2011

One of the reasons why the money would be moved offshore because those rules are different there.

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Dec 14, 2011

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…

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Dec 14, 2011

I am not suggesting that you were doing anything other than what everybody else was doing.

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Dec 14, 2011

I guess my question is--which I know you won't be able to answer--who else was doing this?

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Dec 14, 2011

The regulators didn't find a serious problem with it, just a little bit of a problem.

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Dec 14, 2011

Do you think that maybe you kind of waited a little too long?

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Dec 14, 2011

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.

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Dec 14, 2011

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?

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Dec 5, 2011

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.

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