goldlman sachs helped him to do that. allegations on behalf of him they created the security that they then sold to investors who believed the housing market would continue to go up. and he benefited from this, although, the s.e.c. has clearly said today he didn't play a role in any kind of fraud leapt actions. so he thought-- he is not being charged or facing allegations of wrongdoing. it's goldlman sachs that is facing those allegations. >> lehrer: and the word there, of course, is that paulson saw the collapse coming and went with that bet on his own, and goldlman sachs just simply bought into that bet , correct, without tell telling people they were doing it? >> right. goldman was paid $15 to create this exotic financial instrument-- it's very complicated-- that paulson was able to use to bet against the mark. at the same time, they were promoting it as a positive thing to their investors without telling them paulson played a role in creating the product. that's the allegation. >> lehrer: why civil charges instead of