like the s.e.c., on the theory that the federal law should be only enforced by those federal agencies, not by states. to create uniformity and a national approach. that argument is valid. to an extent. but not to the extent that state officials and prosecutors like myself and other attorneys general, have been completely deprived of authority in most states. and the point here is, dylan, that there should be a criminal investigation. no question about it. this deal was consummated in february of 2007. the s.e.c. under the prior administration was completely awol. and now hopefully we will see a reinvigorated and re-energized securities prosecuting agency at the federal level. and more authority to the states as a result of the reforms now going through congress. >> i'm going to wrap this up. naomi thank you for the time. mr. blumenthal.