mr. grossman and dr. kerr -- at least in the past, it has been biased against individuals who have shown that their rights have been violated at either open meetings are public records, so my suggestion to you is that you put the matter of enforcement or the lack of enforcement of orders of determination back on your agenda. thank you. commissioner hur: think you for your comments. speaker, sir. proceed. >> well, i think the thing is i have been assaulted by some of the staff of the city and county of san francisco. i have been kicked out of meetings just for showing up. i have been not given many documents. i do not know why. i just feel i should not have to call david or any of those people to get the documents that i need. i think it is definitely outlandish. i am hoping that you all decide to hold somebody accountable. i mean, i definitely believe that you are making the city and county of san francisco's spread eagle for whatever lawsuit comes by, and the citizens need to start filing. we need to sta

mr. grossman, i'm sorry, mr. stockman. when you took office in january of 2011 were you aware of your predecessor's concerns of the 2 billion-dollar limit? >> we did not spend a lot of time together in the overlap, and as a general matter these were a large position but i wasn't specifically aware of concerns at that point upon joining. >> so neither did he tell you or was their documentation that you can crossing your period of time that indicated the 2 billion my predecessor got little nervous maybe i should think about this? >> i explored on arrival a couple of board meeting minutes that covered that period to the best of my recollection november, december before i joined, and to try to find and explore a little bit of what might -- what had been undertaken just before i joined, and in those minutes there was no specific indication of the concern that is certainly did highlight. >> you didn't find anything that basically said the bell went off and when you can add the four and a half give or take the lead in that didn't

mr. michael grossman, former chief officer at global holdings ltd. and mr.michael stockman, global chief risk officer of global holding limits. gentlemen, before we proceed to raise your right hand. do you solemnly swear and affirm that his testimony you're about to give up the truth, the whole truth and nothing but the truth? thank you it without objection from a written statements will be made part of the record. you're recognized for five minutes to summarizer testimony. >> mr. roseman. >> chairman neugebauer, ranking member capuano, number said the subcommittee. men with michael grossman, chief risk officer of global group from august 2008, january 2011. thank you for the opportunity to testify today. i hope my comments will continue to grow on your knowledge of the events that led to the collapse of mf global. >> and ask you to pull your microphone a little closer to you? >> regarding my background and career as an aerospace engineer i'm graduating from the university of north carolina and university of delaware. as an aerospace engineer, since 1994 i r

mr. grossman says my views certain they played a factor in my replacement" .his was the fourth hearing on the above global collapse it is three hours 20 minutes. >> the committee will come to order. you will have opening statements 10 minutes to each side and also although not members of the subcommittee joining us today members of the full committee asking unanimous consent members of financial-services could join us today to participate in a hearing. good morning. this is our second hearing on the collapse of the mf global. anna the purposes of these hearings is to find out what happened why a very old company ended up in bankruptcy creditors and shareholders and unfortunately customers lost money. we may have additional hearings one of the things you hope to accomplish from the series of hearings from the investigation we have been conducting is to publish a report to give a time line and findings of how these customers lost their money and how a company that was allowed to slip through the regulatory groups the knowledgeable some of the problems going on,