what they were telling investors about their financial statements and their book and what the sec says is that those housing giants, the mortgage giants didn't tell the market about the mess of subprime mortgage exposure they were building. and it was the subprime exposure that contributed in part in creating the government bailout. so we now own fannie and freddie because of that exposure to -- that the sec said they did not adequately disclose. >> is the allegation -- this is a civil allegation -- are they saying, but for those lies we might not have gone into this horrible collapse? >> well, there are a lot of people think that think it was more obvious how much risk was building in the financial system and the housing market, if it were more obvious tcould have been stopped sooner and we have a lot less economic harm. the best place to have spotted