account which backs my trades, which is a requirement of the cftc for anybody who takes a position on the market. mf global was just the fcm, the futures commission merchant who was transacting positions within my account and other accounts similar to mine. so when mf global went bankrupt our accounts were swept into the bankruptcy, freezing us out of our accounts. megyn: have you heard any explanation, martin, other than what we all heard when john corzine testified before congress saying, i don t know where the money went, have you heard any explanation other than that? no, there s been no explanation. we are two and a half months past the bankruptcy, there has been no information from anywhere other than what you read in the media, which doesn t look good for the surrogate account holders. we are frozen out, and we have it appears we have no position at the bankruptcy table. we are not being protected.
that s what is so tragic here. i think these farmers, it s no different than you and i go to the bank and the bank tells us half your money is missing, and we can t find it. that is literally the situation that these farmers find themselves in. megyn: what does this mean for you, martin? how much money did you lose and what does it mean for you? well i am currently out close to $200,000 that i m frozen out of, but it s tied up some place in a bankruptcy. that isn t even my bankruptcy. that account shouldn t be in the bankruptcy. beyond that i ve lost confidence in the market. if my funds can be taken out of my segregated account in the middle of the night with a swipe of a keyboard with john corzine betting the farm in the european debt, then i don t know if i should put money into a different with a different fcm. so i liquidated a hundred thousand bushel hedge that the market is now about a buck 40