So they are disclosed? The off balance sheet is disclosed?
They never contemplated--they never worked into their models the kind of move that occurred in the market.
Listen, I think the financial reform is a good step.
In retrospect, they were inaccurate.
Why would your company ever want to use an off balance sheet investment vehicle? Why would you all ever do that?
In the past 25 years, America has seen an increasing number and severity of financial crises.
Thank you, Mr. Chairman, and I want to thank you for having this hearing this morning.
And when you have compliance, are you talking about compliance with SEC and other rules and regulations, or are you talking about compliance...
And those rules work well, those disclosure rules work well.
Is there an established set of ethics in your industry of certain things you have to do or cannot do?
And I think this goes back to Senator Collins' question where she asked you do you have a duty to act in the best interests of your clients.