generally assume an investor like a pension fund or a hedge fund has the intelligence, the know-how and the motivation to figure out what's going on the other side, so we don't necessarily offer the same amount of protection we offer ordinary investors. >> it seems like they don't. >> if i could just jump in there, ali, there is a legal standard that requires an investment bank like goldman sachs to disclose elements of the deal. for instance, if they had a $200 short position -- >> let's spell that out. you're saying they had a legal obligation to tell somebody they sold an investment to that they had a $2 million debt against that investment. >> goldman actually, in that deal, even said affirmatively that their interests were aligned with the client because they had a $6 million stake in that same deal. but they didn't disclose they had a $2 million debt against the deal. >> inherently, someone who is selling you an asset is going to