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Mortgage-backed security was a good investment. just a pool of mortgages, you buy a share of the -- income stream from the mortgages and -- everyone had 30-year fixed rate mortgage. i had a 30-year fixed rate mortgage. and america was still in this lend and hold model p.m. bank lent the money, paid off the bank that lent it to you. it changed into what you just called securitization machine. the point wasn't to finance people to buy homes. the point was to pour as many mortgages as you could, sell off the shares and get more mortgages. there was almost an element of desperation that took over ...

Lawyers, we are going to be adding to that. that's just from -- that's just from the civil division of the justice department. we have folks from the consumer financial protection bureau and we have people from the u.s. attorney's offices and -- u.s. attorney walsh from colorado is another one of the co-chairs to help coordinate the activities of the u.s. attorney's offices. we are going to have hundreds of people working on this. but more importantly, overlay of injure dix, different entities, is what guarantees our ability to inquire into everything. every mortgage backed security issued in ...

Went to the insurers and said please insure us, locations for insurance fraud. went to the taxing authorities and said we want to have the tax status of the trust is not -- taxed twice, tax fraud is a possibility. the fact we have now got the irs on this joint investigation, the fact we got the new consumer financial protection bureau with rich and his people on this, we have the team we need to dig in on every aspect of this and where there are skateses in new york, our statute of limitations is short. you can't go back far enough in time. federal statutes are longer. the combination of folks...

All issued out of new york trust or delaware trust. we're pursuing it. you're absolutely right. a lot of folks look at occupy wall street and the other occupations and think they're fringe characters. i hear the same sense that we don't have one set of rules for everyone anymore, that people are not held accountable for misconduct. from every average american you run into, anywhere else, in a community hall meeting, in a diner, all over new york state, i'm sure all over america, there is a sense that equal justice under law is no longer the rule for this country. and we have to get that back. ...

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