mr. capuano said it fine, shame on you. thank you. i yield back. >> i thank the gentleman and not like gentleman from california ms. waters is recognized for five minutes. >> thank you, mr. sherman. i'd was just talking with the staff here about some of the accounts that i've read in the newspaper where there has been some attempt to describe accounts, customer accounts as opposed to other accounts, and i suppose what i'm hearing is was kept in the same account the client money had been taken out and put in another account, and then the money was taken from that account to pay overdraft, and when he asked about where it came from someone was able to see the came from an account other than the client account. so let me ask you know anything about another account where the client money was paced prior to the payout from that account to take care of the address to the rear of wasn't involved in any of those transfers, so i had not known about the details of those movements. >> do you know about the details of what accounts are official ac

mr. capuano. >> thank you, mr. chairman. kind of interesting, start off trying to be bipartisan, and now i've just heard that president obama and the dodd-frank bill caused this problem, and i would like any member here who has any information whatsoever that the justice department, the sec, the cftc or any other appropriate agency has given mr. corzine or anyone else a pass on the investigation related to this matter. because if you do, i i would lie to see it, and it would be another matter that we don't have. i would like to know if dodd-frank caused this problem, then what caused lehman brothers? what caused madoff? i mean, i know we're all out here to make political points, i'm a politician too. but let's stick to the matter at hand. what happened here? if you know, go to the justice department and tell them. if you want to make political points, there's microphones out in the hall. that's the appropriate. >> will the gentleman yield? >> i sure do. >> well, i appreciate you yielding. the point that i'm making, i am quot

mr. capuano squash and you said you only spent an hour with mr.roseman and the subject of concerns about sovereign depositions date. but you also knew that you were being hired from outside to replace a cro he was being asked to leave. did you have any conversations in your interviews about why mr. roseman was leaving, and if it had to do with this risk appetite? >> in those conversations, we were, it was a continual meaning. we talk a little bit -- it was a congenial meeting. we talked about the concept of my being hired was really related to the company's stated goals of transitioning from a broker, futures commissions broker to a broker-dealer, and that my skill set was more, had more history and more in line with what the firm was trying to do. .. but to the co0. did you have a discussion about that change in organization? >> did you have any questions about weather concerns that you might have about risk would make it to the board? >> cirque, reported directly to the ceo zero and had responsibilities to report from time to time on wrists matt