Of the MF Global (MF) failure, the WSJ asks, "Where was the CFTC," noting one of the...

|About: MF Global Holdings Ltd. (MFGLQ)|By:, SA News Editor

Of the MF Global (MF) failure, the WSJ asks, "Where was the CFTC," noting one of the commission's key areas of oversight is ensuring "companies aren't raiding customer funds." CFTC Chairman Gensler acquired vast new powers partly by blaming lack of regulatory muscle for the AIG debacle. Well, he got them, and it looks like they didn't help a bit.