john levin, ceo of levin capital strategist. sure you can tell us. >> that is not what i came to discuss. >> we will talk aig in a second. >> i think listening and being on the exchange and being with you, i think for quite a number of months the market has tended to ignore certain kinds of problems and tended to move up while it emphasized some of the favorable factors, and i think in a broad sense it was overdue. the negatives are well known. so in terms of today, it wasn't startling new news and in terms of yesterday, the fed had a statement. but the market is incredibly building up its volatility based on is it the good news of continued easing and liquidity or bad news? it's not bad news but there are several things going on that are giving people pause. one is definitely the rise in the dollar, which is shading revenue estimates for the major companies and shading earnings. it's known. it's been going on for weeks. professional investors are talking about it. if the market goes down, it's something people can focus on. the

john levin. >> hello. it's good to be here. the full story isn't written.nk that hank's suit is a great suit and needs to be followed but the elephant in the room to me is always the board. what the board did. the government -- people talk about hank, the government. what was the board doing? and let me say since i'm so critical of the board that they acted in the best way they could, they had the best advice, complicated situation and tremendous pressure and no -- >> regarding the transaction with the government? >> exactly. >> because i want to be critical of the board. look. one ocf the pieces here is elio spitzer and on national television criminally indicted hank greenberg for accounting irregularities and went to the board as you know and basically said, you got to throw out greenberg or i'm going to have a huge suit. they forced greenberg out. i believe this is '05 or '06. greenberg, the mastermind of the financial trading system -- >> they wouldn't have been in the trouble if he stayed there? >> i don't know that, kelly. but i know that hank greenbe