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Investigations, just more information because it's 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? >> it's crucial if only because there's so many conspiracy theories out there. we hear them from s.e.c. brought this case for political reasons, goldman sachs got help. maybe they...

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 goldman's 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 we're 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 leaves the question of whether goldman truly committed securities fraud up to a civil jury and what ...

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? >> you're absolutely right. we want to bring transparency and use these things called clearing houses that stand between buyers and sellers and if one party fails, they complete the transaction. but they would m...

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. >> i'm looking so everyone understands. >> i'll put it in context of aig. aig, this big insurance company, did not have effective federal regulation. we're saying under the new law next day aig would have to have capital and margin as a cushion against risk and secondly, there's something called clearing houses that will cut the in...