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far-fetched. why are you in his corner now? >> well, he called me right after that, actually right after i spoke to you. we had a little talk. and frankly, he was very respectful and very good. i think maybe he would have done it if i really wanted it. i'm not sure. but he was veryç respectful ani understood his reasons for not doing to fully. >> what was his reasons fully because at the time it looked like he just didn't want to do it with you. >> for one thing i don't think so at all because we were very friendly and continue to be. for one thing he was leading and he figured why...

and frankly, he was very respectful and very good. i think maybe he would have done it if i really wanted it. i'm not sure. but he was veryç respectful ani understood his reasons for not doing to fully. >> what was his reasons fully because at the time it looked like he just didn't want to do it with you. >> for one thing i don't think so at all because we were very friendly and continue to be. for one thing he was leading and he figured why should i jeopardize a possible lead, and i can understand that. and i did understand that, actually. he called me. he couldn't have been nicer...

and frankly, he was very respectful and very good. i think maybe he would have done it if i really wanted it. i'm not sure. but he was veryç respectful ani understood his reasons for not doing to fully. >> what was his reasons fully because at the time it looked like he just didn't want to do it with you. >> for one thing i don't think so at all because we were very friendly and continue to be. for one thing he was leading and he figured why should i jeopardize a possible lead, and i can understand that. and i did understand that, actually. he called me. he couldn't have been nicer...

>> mr. parmalee, you stated that the 10-k was the first time you learned of the off-balance-sheet come is that a correct statement? >> yes, sir. we did not have advanced notice. >> did you know about the off-balance itm's? >> i learned about the off-balance sheet i.t. ends later on. the team was aware. i didn't learn about those until probably the october time frame. >> mr. cantor, did your company nobody off the balance sheets are tms? >> yes. so you did read the 10-k? >> i said just before been a kind of interesting, if you'...

collateral. i think this is a better way to do it. >> we have established, you have the ability to lend directly to domestic subsidiaries. you told my colleague in december you had needed the attention with the authority to bailout european banks. do you still stand by that? >> in that conversation, i was asked and i said, we have done the swaps. they had been done before the conversation. the question was, were we going to do additional things? were we going to make loans to the imf? the answer was no. >> thank you, mr. chairman. chairman bernanke, it is good to see you. our friends...