But the market-making business does not have the same disclosure rules as the other one does.
Right, but so let me ask again: Goldman sold a synthetic collateralized debt obligation without disclosing that a hedge fund manager, John P...
Isn't it true that you are a placement agent and as a placement agent you have a duty of full disclosure?
I guess really the question for Goldman Sachs is, are there times in which you recognize a conflict?
Tell me what you mean, you are not sure.
I know Senator Levin just mentioned the fact that I think the credit rating agencies, they played a role in all this, as well.
And does that present any conflicts of interest in your mind?
I think that there is a lot of concern with the general public--and I know I am speaking for Arkansas here--that people around the country f...
But when it comes to doing something like selling CDOs, do you see any conflict there, or do you just see that as a function of the market?
Let me ask, if I may, and I am not sure which one, but I will go ahead and ask this to Mr. Broderick.
There is a company that is based in Little Rock named Stevens, Incorporated.