Wednesday, March 21, 2012

Gary Gensler Explains Why He Threw MFG Clients Under the Bus

The subject of our most recent caption contest explains to the House Agriculture Committee exactly why he threw MF Global clients (farmers hedging) under the bus.

During a 2/29/12 House Agriculture Committee hearing Congressman Tim Huelskamp asked Commodities Future Trading Commission Chairman Gary Gensler to recall the conversation he had with officials of MF Global at 2:30 in the morning on the day of the firm's collapse.