mr. gibbons, your firm took steps to protect itself and mf global, placing mf global on debit alert. mr. dimon, despite senior attempts by very senior analysts at your firm, including mr. barry zubrow, whether the transfer request was in compliance, mf global did not sign a con fifirmatory letter t your firm demanded. without this signature, jp morgan chase ultimately transferred those funds and accepted the collateral. were you aware of the effort by senior risk management, officer at your firm, to seek compliance confirmation from mf global? >> not at the time i wasn't, no. >> why did jp morgan chase relent on efforts to secure the letter and allow the transfer without written assurance? >> i think the transfer had been made and we were doing a follow-up letter, which was not required. we were asking to make sure they had done the right thing. >> so what you're saying is even though you had placed mf global on debit alert and you limited -- you increased collateral requirements, when they asked you to transfer the money, there was no conversation about whether this money was segrega

mr. thompson who were talking about, if i'm correct, just to show his bipartisan nature, he was able to be appointed as tom involved in the transition for then governor gibbons for natural resources issues. so, you know, the fact of the matter is we could go, and i have gone into who's contributed to whom. people are contributed democrats and republicans alike. a part of the problem with this process. men and women sit on these committees are good people. people who serve in congress is good people. the system is rotten. it's up for sale. and unfortunate assumption, or the assumption that occurs is unfortunate nexus between money and power is, you know, it's inarguable. the only question is about these programs spent will the gentleman just? >> of course spent i would just point out i think that is the point the doctor made spent i don't disagree. >> this is a problem when jeff government handing out -- >> the issue is moral hazard is there. i agree with that. now, also just to make a point, there are some of my friends from the other side of the aisle who signed a letter, actually an urgent letter to secretary salazar saying look, let's get the solar progra