Nobody would do that?

Portfolio manager, OK. That fits.

I just have a couple of other questions.

Is there a Board process that leads on that? What are the standards? If I go to work for Goldman Sachs, what am I going to hear about ethics when I am hired?

I have never seen anything like it.

You bought puts?

So you would not think it would be prudent for somebody in risk management like you to maximize a position for Goldman Sachs to take advantage of that information and then make decisions about your competitors who were long in these areas?

So you double-insured, basically?

But it was an email addressed to you?

Looking backwards at Abacus, would you feel that the system worked for Abacus? Do you think there is any ethical question that can be raised on Abacus?

Does it concern you at all that his position is that, in his own self-evaluation, which Senator Levin referred to, that he was taking positions and touting himself that he was utilizing the strengths of their analysis to take positions to…