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Former new jersey governor jon corzine explaining what happened to more than a billion dollars missing from mf global. why hasn't he been charged with anything yet, and will he likely face charges? "kelly's court" back in scetion just ahead. >> i was stunned when i was told sunday october 30, 2011 that mf could not count for many hundreds of millions of dollars in client money. i remain deeply concerned about the impact that the unreckon sield and frozen funds have on mf global's customers and others. i simply do not know where the money is or why the accounts have not been reconciled to date.

Are talking by each other yet we have serious issue with ounce if on the border. we've got to start solving problems. and so americans elect is an effort to open the primary process to everybody. any registered voter can be a delegate. you can nominate anyone who meets the constitutional requirements as long as they have had executive experience. jon: all right. you so you like jon huntsman the former governor of utah. >> personally i like him. we don't support a candidate. none of the money we raise can go to supporting a candidate or an issue. it has to be about holding the primary. we will ...

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Congressman welch, big question for all of us and we've 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 that's real money even for mr. corzine and that's 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 mixed customer account money with their own problems and you can not cross that line. according to m...

Was because regulators were not doing their jobs. people were not paying attention to what was happening in the housing market, people weren't paying attention to who was being taken advantage of. there were folks making a lot of money taking advantage of american consumers. this individual's job is to make sure that individual consumers are protected. everybody from seniors to young people who are looking for student loans to members of our armed service who is are probably more vulnerable than just about anybody when it comes to unscrupulous financial practices. there is no reason why mr. co...