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Transaction. thus when goldman sachs represented to investors that ac selected the reference portfolio, that statement was absolutely correct. mr. chairman, the last week has been challenging for me and my family as i have been the target of unfounded attacks on my character and motives. i appreciate the opportunity to appear before the subcommittee to answer these false charges. i wish to repeat i did not mislead two of the most sophisticated institutional investors in these products anywhere in the world. i will be pleased to answer any questions the subcommittee may have. >> thank you very ...

And ikball had input and had security in the transaction. when they selected the reference portfolio, that statement was absolutely correct. mr. chairman, the last week has been challenging for me and my family as i have been the taggest unfounded attacks on my character and motives. i appreciate the opportunity to appear before the sub committee to answer these false charges. i wish to repeat i did not mislead aca and i kb. >> well, we want to hear the questions and mr. tourre, we'd love to hear your answers. let's bring in our chief business correspondent ali velshi. ali. >> yeah? >> what we...