i would like to start with the fasb rules. whatever the number is. it is the rule that says it is booked as a sale. it was reported in the media weather opprobrium or not. effectively takes it off the books. and in any normal sense of the word. even reading the fasb rules it is not a sale and they're still getting it back. i understand the opinion. i wanted to make sure -- i want to ask -- the current standards. i understand it is not your function. and this will does not have something to do with the concerns here and knowing it is subject to debate and how should be interpreted i need to know whether fasb is reviewing whether this is an appropriate rule moving forward in order to provide true transparency and consistent application of whatever we come up with because i think this rule is applied inconsistently. just because it is a difficult with what of subsets. i want to hear from you whether fasb is referring, rules as you have them. not giving away what you may or may not do but i need to know whether you are reviewing them with the thought of

the so-called accounts and some of the fasb rules and i want to distinguish the fasb rules from the ways they've been used in appropriate use of it, but the rules come even if applied properties to raise questions. and i guess i would like to stir the fasb will spirit to me it's mostly steam at 140, but there's other ways to refer a and whatever the number is. it's basically the rule that says a repo is the essay sale. whether it's appropriate or not. it essentially takes up above. it makes up a lake it is healthy then it really is. in any normal sense of the word because my definition even using the fasb rules it is not a sale. i understand that is reasonable district opinion. i wanted to make sure -- not make sure. i want to ask, is fasb using the current standards, not necessarily as it relates to mf global. i understand that is not your function. but at least having not untrue knowing where we are today, knowing that this rule has had something to do with the concerns and knowing it is subject to debate as to how should be interpreted. i need to know whether this was an appropriate r