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Calls for Congressional Hearings on MF Global Bankruptcy
November 21, 2011
Senator Pat Roberts, (R-Kansas) has called on Senate Agriculture Committee Chairwoman Debbie Stabenow, (D-Michigan) to hold a hearing on the collapse and bankruptcy of MF Global, given its devastating effect on the agriculture industry.
Roberts has also called on the CFTC, the exchanges, and the bankruptcy trustee to work together to immediately release frozen MF Global margin account funds to customers, many who are Kansans. This effort is in addition to Roberts’ concern over the timing and extent of CFTC Chairman Gary Gensler’s recusal due to his prior relationship with former MF Global CEO Jon Corzine. Roberts’ two letters requesting answers about the date and scope of this recusal have gone unanswered.
Senator Roberts is ranking member of the Senate Committee on Agriculture Nutrition and Forestry which has jurisdiction over the CFTC.
To view the full text of the letter sent to Chairwoman Stabenow, go to [bignewsbiz 11/20/11]
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