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Firm in jeopardy. think of some of the big institutions that failed when the housing market slumped. why did that happen? they were accumulating massive and massive amounts of risk related to the housing market. when the housing market failed, they had to suddenly take the losses of billions of dollars and tens of billions of dollars. that not only hurt their own firm, that cast a very big risk on the system because as those institutions failed, they threatened other institutions as well. so, the buying and selling and hedging aksivity is a part of our risk management system. >> and you don't ...

Nelson cast a deciding vote that made the healthcare bill a law. he heads up the national association of insurance commissioners who vote yea or nay on the changes. do you regret that vote when you hear stuff like this? >> there are no do-overs in this business. what you know from our previous interviews, we got the single payer out of it. the public option. so a lot of things would have made a bill a lot worse with a single -- with a simple majority vote under the resolution of the budget. so, you have to look at all the aspects of it. but i thought i was here to talk to you about what the st...