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Aisle, no? >> well, im going to ask you permission to wear two hats on this one. >> go for it. >> first and foremost, the president of the united states is dead wrong to appoint everybody when the senate is in pro forma recess. its not in recess and ive said this before on your show and ill keep saying it, i do not like when presidents of either parties do these kind of things. >> noted. >> that being said, if the president of the united states appoints a top regulator for fannie and freddie who...

This one. >> go for it. >> first and foremost, the president of the united states is dead wrong to appoint everybody when the senate is in pro forma recess. its not in recess and ive said this before on your show and ill keep saying it, i do not like when presidents of either parties do these kind of things. >> noted. >> that being said, if the president of the united states appoints a top regulator for fannie and freddie who comes and says to fannie and freddie, hey, heres the deal, youre going...

He still has a lot of explaining to do including what happened to more than a billion dollars of client money. james rosen is keeping an eye on that live in washington. >> reporter: good afternoon. mf globals 36,000 customers may never see a full return on the money they lost, but a top regulator says significant inroads have been made in determining how the $1.2 billion went missing. jill summers, a commissioner with the cftc which had partial oversight over mf global, told reuters last night h...

Sorbains and dodd-frank in place and this happened anyway. >> im not afraid of regulation but that cant possibly work. it does nothing but allow forum shopping and allow people to points fingers at someone else. we have a significant degree of self-regulation. i think its a good question whether self-regulation is applicable in todays world. >> reporter: a top regulator says they know where this $1.2 billion went. whether they ever get their hand on it is another question. megyn: james rosen, th...