welcome the second panel, ms. genova, mr. roth, and ms. susan cosper, standards boards. remind each of you that your written statements will be a part of the record, and we ask you to summarize your testimony in five minutes. ms. genova, you're recognized. >> thank you. i'm dianne genova. i was one the jp morgan officials dealing with mf global over the weekend before it filed for bankruptcy protection on october 31st, 2001. i appreciate the opportunity to appear before the subcommittee to describe those events, and i'd also like to thank chairman baucus for noting our cooperation in appearing before this committee. as i'll describe in detail, we worked through the week of october 4th to accomplish two main goals. first, to provide first rate operational clearing and settlement support and services to mf global, and second, to ensure we did not wind up in a position where we had extended credit to mf global without proper collateral and security protections. to understand what we were trying to accomplish, let me describe briefly the banking services that jp morgan, along with other fi

was working for senator roth at that time. when the roth ira was enacted, we sought for all different types of ira savings. additionally, because everyone was promoting it. >> all right. thank you. you are recognized, sir. >> thank you, mr. chairman. i think this is a very important hearing to have. mr. t. g. barry and i have the same concern over people's security. but i fly back and forth from seattle. where united airlines has its largest base, its oldest base, most of the flight attendants are about 55 to 60 years six years old. one of them told me a story, and i would like you all to respond to this. her husband worked for a big bank in seattle. washington mutual. one day they closed the bank. and he lost his entire 401k. boom, gone. it was all gone because it was invested in the bank. it was required -- he was required to invest in the bank. now, she flies for united airlines. they have gone into bankruptcy twice, and each time they go into bankruptcy, the first thing the bankruptcy judge to on in response to the companies pleadings is to scrape off the retirement. so