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The gentleman from New York mr. Torres is now recognized for five minutes. Thank you, Madam Chair. I have a question for the ceo of remorgan stanley. How much did you sustain and losses from the collapse of [inaudible] . 911 million. And the head of [inaudible] pleaded guilty to Insider Trading about a decade ago. You greedy were you [inaudible] i was not personally but as a company we were aware that. Were you aware of all the other credits of contracts he had entered into and the lack of diversification in those contracts and the extent of his over leveraging . No, there was not Clarity And Transparency around his position. Given the lack of Transparency And Clarity surrounding the Credit Risk would you support an sec would require disclosure of a significant economic interest and a company regardless of the form that interest might take. It is in everyones best interest for adequate exposure. I know chairman Gaines Letter will be looking at this and i certainly would work him14 with
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