in los angeles or miami or example we might shift resources to combat gang activities. in chicago to organized crime, for corruption. and here in new york we have shifted resources to address white-collar crime. we have moved from a quantitative to a qualitative approach, and we are using intelligence to pinpoint the greatest threats to each of our communities and working hard to prevent those threat from becoming reality. turning to the fbi's role in combating white-collar crime, there are many lenses through which to view the financial crisis. from financial institutions that traded in risk itself, to lenders and real estate professionals who sidestepped the standard rules of practice, to homeowners whose purchases exceeded their pocketbooks. risk is quite obviously central to this crisis. in truth much of what led to the financial meltdown was the result of a failure to properly assess the risks, risks to businesses, risk to investors, risk to homeowners, risk to the economy at large. and yes, there are those who intended to defraud others. but in part, the subprime