CFTC and MF Global

Chris Clayton has an outstanding post on the House Agriculture Committee's oversight hearings--two paragraphs:

"By my own count, the House Agriculture Committee has held six hearings on the Commodity Futures Trading Commission's implementation of Dodd-Frank Wall Street Reform and Consumer Protection Act. More than 30 witnesses appeared before the committee, which has issued 13 news releases on its work from Jan. 27 to date.

But in the entirety of the House Agriculture Committee's work, no one, as far as I can tell from news releases and hearing transcripts, asked anything along the lines of "Are there any loopholes that need to be closed, or rules that need to be implemented to protect client accounts from being raided?" Or, "Is there a loophole big enough to drive a massive bankruptcy through?" "Is there anything we're missing?"