And why is CMS not doing the things that they should be doing?

I think you said in your written testimony that GAO estimates that there is at least 46 percent of fiscal year 2008 contract actions that did not meet the Federal Acquisition Regulation requirements, is that right?

Yes, sir. I think that has been one of the problematic areas at CMS.

Will that result in less waste?

Let me start with you, Mr. Benson, and talk about where you see most of the waste, fraud, and abuse in Medicare and Medicaid contracts.

Is there a Contract Review Board and how is CMS doing with that?

Thank you, Mr. Chairman, and I want to thank you for having this hearing this morning.

So do you think you contributed, your actions contributed to the financial downturn that we experienced in 2008?

OK. I am not sure everyone agrees with you on that, but I will take your answer.

In the past 25 years, America has seen an increasing number and severity of financial crises.

Why would your company ever want to use an off balance sheet investment vehicle? Why would you all ever do that?