Page 32 - Mf Global News Today

Congressman welch, big question for all of us and weve been talking here in the studio with the crew, how does anyone lose track of more than a billion dollars? >> well, it is $1.2 billion and thats real money even for mr. corzine and thats really the fundamental questions the cftc will ask and members of the agriculture committee. by the way this is totally bipartisan but what appears to have happened they violated, mf global violated a cardinal rule for financial companies and that is they mix...

Apparently, he bundled contributions from obama 2012, many of whom have ties to wall street, and the campaign said last week theyd return the donations if hes charged with anything. is that good enough? [laughter] >> well, yes, i think it is, quite frankly, because when mr. corzine for a decade of his life was a senator and a governor, you know, the president, the democrats, the vice president, etc., backed him. but right now mr. corzine is neither. mr. corzine is a private citizen. mf global is...

Local time. witnesses reported seeing smoke in that area. the faa and the senate transportation safety board are now investigating the crash. former penn state assistant football coach sandusky re arrested today on new child sex abuse charges. two more came forward saying sandusky molested them as children. one said the former assistant coach assaulted him several time in a basement bedroom back in 2004. he now faces more than 50 charges, all of which he denies. now back to on the record with ...

Jon: doesnt contribute to greenhouse gases. >> it doesnt contribute to greenhouse gases or other regulated pollutants. it is a huge jobs producer. it is something should be maintained i believe as the overall energy portfolio. jon: the black eye from fukushima not deserved? >> in this country latest poll done 62% of the american people still believe nuclear can and should be continue to be a part of our energy mix. jon: christine todd whitman, former new jersey governor and former epa head i sho...

And regulators because of the collapse and failure and bankruptcy of mf global back in the fall and he will, according to his testimony, 21 pages released by the committee this morning, he will say, quote, i simply do not know where the money is. he will also say that he was himself stunned to learn that $1.2 million of customer funds was missing from mf global when it failed and he will sincerely apologize to customers, employees and investors who are bearing the brunt of the bankruptcy. we als...

Brokerage firm. more than a billion dollars of investor money is missing from his firm, mf global. and weve heard little or nothing from the administration. is that the right call? joining me now, leslie marshall, a syndicated radio talk show host and fox news contributor, and lars larson, a sindhuated -- syndicated radio host as well. lars, should the administration be commenting on this since president obama has been so vocal about condemning the fat cat wall street folks who take advantage of...

Because he is in legal jeopardy by answering questions. i suspect hes going to say i havent got access to the documents, im sorry, i cant recall to try to get out of that legal jeopardy. megyn: thats right. because we have an advanced copy of the statement hes reading, and there is a line, quote, i simply do not know where the money is. and he talks about how he had little expertise or experience in certain operational aspects of the business, and this is what we often hear from ceos when they, ...

I believe he is going to say very frequently, i simply dont recall. martha: thats what it sounds like. he says he has had limited knowledge in terms of the transactions. lets get to the basings of this, stuart for a moment. he made a huge bet for the firm on european debt. we all know european debt turned into an extremely bad investment and they lost a ton of money. that can happen with in the investment world. if you put your money with somebody, they make a bad bet and they lose it that is th...

This direct threat. martha: congressman thank you. we have the video from mr. long who made an impassioned plea for his son who was killed at a recuting station. he feels its all being put in the wrong light. >> absolutely. martha: in its investigation. joe walsh, congressman, thank you very much. bill: 11 points before the 11am hour. that means jenna lee is coming up. how are you doing? youre in washington today, whats happening. >> reporter: good to see you. we will be following all the big ev...

That money and waving happens to john corzine? he resigned from his position but there could be more. chief correspondent james rosen is here. >> reporter: good afternoon. john corzine has not yet taken the witness stand. his statement indicates he feels regret but no culpability in the countrys 8th largest bankruptcy. he will testify that the plight of the customers, investors and former employees, more than a thousand of them unemployed weighs on his mind every hour of every day. to the allega...