Chairwoman Stabenow, Ranking Member Roberts Issue Statement Following Committee Vote to Subpoena Corzine

Chairwoman Stabenow, Ranking Member Roberts Issue Statement Following Committee Vote to Subpoena Corzine

Washington, DC – Senator Debbie Stabenow, Chairwoman of the U.S. Senate Committee on Agriculture, Nutrition and Forestry, and Senator Pat Roberts, the Committee’s Ranking Member, today issued the below statement following a unanimous voice vote of the full Committee in support of subpoenaing former MF Global CEO Jon Corzine, to testify at a Dec. 13 hearing on the collapse of MF Global and the whereabouts of the estimated $1.2 billion in missing customer funds. The financial firm’s collapse is the 8th largest bankruptcy in U.S. history.

“It’s important that citizens come forward and testify when asked by our committee, especially in a matter this serious. The committee’s bipartisan actions today demonstrate our commitment to understanding what happened to cause the extraordinary collapse of MF Global. We will continue to work to see that the futures market remains a valuable tool for investors, farmers, ranchers and small businesses and to see that the missing funds are returned to their rightful owners."