this flexibility is a benefit for end users of derivatives such as cargill in managing working capital. losing this flexibility is particularly concerning because mandatory marching will divert working capital from investments that can grow our business and-- well it depends on market conditions the diversion of working capital from cargill for marching could be in excess of $1 billion. multiply this across all companies in the united states and the ramifications are enormous especially at a time when credit is critically tight. kevin colgan from the corporate treasurer caterpillar, our understanding of current and pending regulation in this area is it would require clearing function which would standardize terms like duration and amount. any standardization of this type would prohibit us from matching exactly the terms and underlined exposure we are attempting to hedge. this in turn would expose us to uncovered risk and introduce the list volatility into our financial crisis. i have a number of other examples in which i will insert for the record mr. chairman, and if possible i'd like

newspaper and it was paid to buy other side that says every morning rahm emanuel and stephanopoulos and cargill -- and james carville talk on the phone and have a chat. i have to be honest, i don't know they're talking about. if they aren't talking about guys off, the football game last night with, you don't believe they're talking that, do you? [laughter] in the comey cynical, right? [laughter] if they are talking just guy stuff i don't have a problem with it. if they're talking political stuff and the political stuff entails i don't thank you should handle it this way or that way, that is so off the charts. it the one reason i am willing to believe it doesn't happen that way, that is outrageous if that were happening in the good turns out something like that, in fact, happening in abc news took no action against their anger then every executive at abc news would have to go and that is what i don't think is happening. well, i shouldn't say that, the minister answer is i don't know what they're talking about. this may surprise you but i am not involved in that conference call para [laughter] bu