and joel ernst on the mound.ight hander and facing. >> and valias got started this year as one of the hottest bats in the country. and after a few weekends he was hitting.500. he's swinging a hot bat and hitting over.340. >> hard shot but the shortstop, blair has a play on it. the hurricanes go down in order. nine innings but nothing resolved. we'll go into extras high in coral gables. coral gables. [music playing ♪t's ght, ♪ ♪h, all r. f noumove alonh weight loss on of any to f f teoais p morrmat onginn, g figritiorg. >> and you can see the shot on the television. it's been mild and unseasonably cool. and you can see the temperature is probably around 73 degrees. we're in the 10th inning of an 8-8 ball game. and capri replacing an injured carlos lopez. lopez was 3-4 and a home run and three runs batted in but appeared to strain a hamstring stretching at first base. here is capri. he's a red shirt freshman and a native of wellington, florida not too far from us. behind in the count 1-2 facing david miranda. and c

and you have number 34, joel ernst. a senior out of loveland, ohio. and he will face miami's freshman shortstop steven perez. . >> and here comes perez. >> earns last appeared in a midweek game. pitched two innings of scoreless baseball. that was back on march 31st. and steven perez takes strike 1. 0-3 on the night. did reach on a walk. ratcliff actually the runner at third now. [ cheers and applause ] >> a bunt and catcher throws and it gets past the first baseman. and it rolls into right field. perez rounds second and holds right there and once again defense is a big problem for the visiting deacons. >> and coach morris talks about the bunt base hits. don't see a lot of that with 2-outs. that gets the run in just as well and only appropriate to get another run. you can see the hurricanes knock in another r a good o laying it the sc will givee hit on the play and then an error allows him to get to second base. it was kind of as a hit and an error. . >> scott lawson at the plate and takes ball one. and lawson 0-3 and reached on a walk and an error. an

we interviewed ernst and young who had in their notes the information imparted to them which included the information that there had been off-balance sheet transaction of $50 billion for the purpose of accomplishing the goal. >> there was this e-mail. is that referenced in your report? >> i will double check. >> at the time this e-mail was sent was mr. lee trying to negotiate a severance package. >> he was trying to negotiate a package. >> the second communication, do you have a copy of this report? >> i will provide a copy. >> to your knowledge, who did mr. lee provide this e-mail to? >> his lawyer. >> i yield back. >> now of the gentleman from ohio, mr. wilson. >> thank you for coming in today, mr it:-- mr valukas. i only have five minutes so i hope to run through my question as quickly as i can. thomas baxter told you in no way was the idea to make lehman brothers a poster child for a moral absurd but do you believe that is not true? >> i don't know how to respond to that question. i did not find any evidence. nothing was said to me to indicate somebody was deliberately trying to s

ernst received his ph.d. from the woodrow wilson school of government and foreign affairs at the university of virginia in the spring of 2000. his research focuses on the american political system with special attention given to citizen influence on subnational politics and environmental policy. dr. ernst is best known for his work in the area of environmental politics and is considered a leading author on the chesapeake bay restoration program. beyond his work academic impacts dr. ernst findings have been violated in numerous media outlets including "the washington post", national public radio's diane reams show and they the pbs frontline documentary titled poisoned waters. his most recent book is fight for that they, why a dark green environmental awakening is needed to save the chesapeake bay. also we have worn pilkey professor emeritus of earth sciences and founder director emeritus of the program for the study of developed shorelines within the nicholas school of game ferment and earth sciences at duke u

on june 12, i met with ernst and young for the first time. at one point, i was left alone with ernst and young. i started out light. i have a loyalty to them. if we then brothers is not going to address this, they had already dismissed my e-mail to my attorney. it had nothing to do it my issues and other people's issues. i told the contents of that female-mail to ernst and young e they learned about repo 105. the next day, i think we met -- i'm sorry. on page 960 of the examiner's report, there is reference to a presentation to the audit committee about my may 16 letter, some of the points. it is not have any content of the e-mail in it. i was not asked to give any presentation to the audit committee. i am sorry. i've gone over on my time i will answer any questions. >> thank you very much. i am going to take my five minutes to start with. i thought when the first two witnesses started it was going to be boring session. i wondered why we did not provide baseball bats. there seems to be material disagreement as to whether there is any responsi

directors relied upon the expertise of a variety of outstanding, outside professionals, including ernstbstantive discussions and throughout 2007 and 2008, did they raise any red flags regarding lehman brother's risk- management, valuation, or the firm's certified filings. as the board of directors, we also had confidence in what we understood to believe in brother pose a close working relationship with government regulators, even before the financial crisis, lehman brothers voluntarily subject itself to the scrutiny of the sec. lehman brothers continue to work into it late with the sec and the new york fed as the financial crisis deepened. lehman brothers took numerous steps to adjust to the worsening economic climate. and they shut down at the subprime mortgage lending unit, substantially reduced mortgage and asset backed securities exposure by many billions of dollars, raised more than $15 billion in new capital, and pursued a number of strategic alternatives in order to help stabilize the firm. the examiner's report raised questions about certain transactions now known as repo 105. t