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Care about the First Amendment to come out today and appreciate each one of you coming. Lets go have lunch and talk more about this. Once will be held at the georgia day care Conference Center which is a spiral staircase. Restrooms on the second floor in your way to lunch look for the yellow wall and you can purchase your own copy of less lessons in censorship affair. Thank you very much. Clap back [inaudible conversations] [inaudible conversations] [inaudible conversations] hello, ladies and gentlemen. My name is john and i work here in the store. Before we get started, if you could please si...

Come at 8 30 eastern time and at 10 00 wholesale trade. Well be getting Quarterly Results before the bell. Okay. Lets tell you about some of the stories that were watching this morning. Valeant said to hold a Conference Call at 8 00 eastern this morning. Its going to be providing a Business Update to investors and take questions. Town more than 40 since the short sellers report was published on october 21st. That report accused the company of fraud compared to drug pricing. Now that same short seller now focussing on did i mispronounce it you tell me. How would you pronounce it. Mallinckrodt. ...

Have the same expertise. I think its regrettable and a what youre saying but i think there are tools for pushback and they need to be used. Its hard to go to the public and say to the people are buying houses and pretending to flip them, we will take away your credit because we dont think buying a home is a good idea. I think it would have been a lot of political support. Now there is but not back i mean, the public is basically saying, as we all know, people who speculate in the middle of it and thought they were doing the right thing. Based on what we discussed this morning, what is the one ...

Transparency. One of the things its much too widespread. And that leverage is one of the things that grows out of the derivatives and other highly structured complaints. But they do a better job within the industry and trying to get more effective disclosure particularly as it surrounds the concept of leverage. Getting the fiscal house in order he also said Monetary Policy only accomplishes so mu much. We have to do it in a way thats fiscally possible. Those are the kind of discussions we need to be having if we need fiscal policy to get more robust growth in our economy. I wish the congress w...

Are not dozens of them around the world. And i suspect that in many cases the discipline thats been applied to risk control and Risk Management are some of those clearinghouses and related organizations probably is not what it should be. I suggested, for example, that for all of those mechanisms there should be, among other things, minimal standards whereby using stress tests and related techniques, you should have a standard that would say that any one of those organizations anyplace in the world showed, among other things, have the capacity that at a given business day they could survive the...