Jack Reed actually said...

I think that has to be acknowledged.

One of the issues that was also raised by Senator Shelby is that your testimony about 300 essentially situations where the sponsor of the fu...

We have to contemplate, particularly after 2008, things that seem so far removed from the day-to-day practice.

It seems that their model, their VaR model, was loosened up considerably, giving them the opportunity to engage in more risky activities.