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Baucus Confronts MF Global [AUDIO]

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Agricultural bankers and other players in the world’s grain markets say fallout from the collapse of giant broker MF Global is changing cash grain trading and fueling calls for alternatives and reforms. During a recent Senate hearing, Montana’s Max Baucus describes one Montana rancher, Marty Klinker, caught in the MF Global squeeze..(comments attached) Baucus was questioning Chairman of the US Commodities Futures Trading Commission, Gary Gensler. MF Global Holdings, headquartered in New York City, filed for bankruptcy on Monday, October 31, 2011 after it was discovered that there was hundreds of millions of dollars missing from customers’ accounts.

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