commissioner meiberger. >> i beg to differ. my recollection is that the chief investment officer at that time, mr. dave kushner -- if you would kindly respond and follow-up on that would be most appreciative because as it turned out that was the absolute worst time to sell anything because of the cash and it's not just the fact that you didn't have to sell assets or did have to sell assets to fund benefits. it's because you lost liquidity. you want cash to take advantage of the markets falling to hell in a hand basket and the fact of the matter is that since our cash was frozen, we did not have those opportunities. so again, if i could just follow-up on that, on a factual basis, to follow-up did we have to liquidate emerging markets equity fund to pay benefits? and what other funds we did have to liquidate to pay benefits? >> clarification, question, please. >> please. >> at that point in time, my recollection is that we did not have investments in emerging funds equities and all were separate. >> anyway, we'll follow-up and i