Tom Coburn actually said...

"Why would somebody not buy protection on the lowest potential performing component of the deal and buy long on the top end of the deal?"

"Well, it would certainly look like it would be since the email is directed to you."

"I want to get your assessment."

"Well, let me ask you this, if you would. Does it make sense to you somebody would tout a philosophy that says, I am going to take advantage of the knowledge that we as a firm have and make more money ..."