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Retainer and so on. what's going on here. >> it leads you down the various paths in terms of which story they're telling. giuliani characterized this payment both as an expense, kind of like maybe you would repay your attorney for velo-bounding brief s or something like that. retainers notwithstanding, repaying porn stars is not something you repay in this nature. it's an outstanding debt over $10,000, so it's required to be reported. in an effort on giuliani's part to exculpate from the sec saying he's not required to report, he's backing hips into a corner and he's opening himself up to a my...

What's going on here. >> it leads you down the various paths in terms of which story they're telling. giuliani characterized this payment both as an expense, kind of like maybe you would repay your attorney for velo-bounding briefs or something like that. retainers notwithstanding, repaying porn stars is not something you repay in this nature. it's an outstanding debt over $10,000, so it's required to be reported. in an effort on giuliani's part to exculpate from the sec saying he's not required to report, he's backing hips into a corner and he's opening himself up to a myriad of criminal expo...