michael jandreau is the chairman of the tribe. michael congratulations on the deal. why is a native american tribes interested in owning the wall street? first thank you. is owning up part of wall street is generated by the lack of services that exists at our reservation level. for years and years under the treaties that were agreed to by the tribes services were to be generated for health and for education and welfare housing for those activities that mequality and quantity of life. how does this deal considering was brock is in lower manhattan and the tribe is located out in south dakota? first of all is our desire that the capital of is generated will allow us x access and generated back to the tribe can help us meet those many obligations that exist there. as a sovereign entity of the triad it does not have to pay income taxes federal taxes on profits generated by their business interests already including establishing casino agricultural and prescription will the same be true from the west block deal? to some degree yes. that will happen. and that will be i beli

joining us now, michael jandreau, chairman of the brule sioux tribe. el, what exactly is happening here for your trip. >> a new opportunity. an opportunity that hopefully will generate the kind of activity with access to capital and those issues that can generate funds back to the tribe that can help us with the many social problems that we have at the reservation level to be able to deal with. >> and don, are you mostly going to be servicing, providing bank services, to native americans and also, what about the casino business? >> well, we're looking to continue our business as is. grow the institutional business that we can now access the public pension funds, the retirement plans, the syndicate from the vul ch racket firms and we're also starting a new division to service the native american indian tribes. they will give them ideas to do things like we did and we'll also help raise capital on reservations for tribes looking to build hospitals or help with schools. >> will the tax exception be an advantage in this business? >> it will be an advantage