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Investigations, just more information because its easy to jump to conclusions with any sentence fragment. we know there are rafts of information available in companies that we own. aig being the most obvious. how important do you view it as that we actually get access to more information and do a more thorough investigation of all of the relationships inside of the banking system in our treasury and federal reserve? >> its crucial if only because theres so many conspiracy theories out there. we ...

Long. they became countless bore hrow and it was you that lost wealth when the housing market went belly up to the sound of money for goldman sachs. is it goldmans thought they identified the fraud at the heart of the housing market and then bet on its collapse with leverage or simply doing their job? and these just the opening exhibits from the guidance were now getting. you can expect some true law and order style surprises all of which may convict goldman in the court of public opinion but le...

Should have freedom to fail. >> if you were to look at the ratings agencies role and that triple-a rating allowing aig avoiding having to post collateral because they were perceived to have triple-a integrity and look at the e-mail traffic that exists between banks and ratings agencies and look at the legislation for which the ratings agency work for the bank, how are we to have trust? >> youre absolutely right. we want to bring transparency and use these things called clearing houses that stand...

I sell them the derivatives. the whole thing melts. aig has insurance on it under your law how is it different. not your law but this proposal how would that be different? >> as a federal regulator, i hope you allow me not to comment on that case the s.e.c. brought. >> im looking so everyone understands. >> ill put it in context of aig. aig, this big insurance company, did not have effective federal regulation. were saying under the new law next day aig would have to have capital and margin as a...