mr. faulkner. >> my name is dr. terence faulkner. i would like to incorporate by reference the grand jury report, which is titled "parkmerced vision -government by developer." we have a large group called fortress that bought control of parkmerced, basically because they were on the verge of bankruptcy in october. the head of fortress is daniel mudd, the former ceo of fannie mae. fannie mae was a wonderful lobbying organization. they did a wonderful snow job on the congress of the united states. there's a book, "all the devils were there." basically, they do wonderful lobbying. they talk of congress into a lot of things. the cost of the united states government over $100 billion. one of the most expensive transactions in american history. mr. mudd has now come to san francisco and he is going to bless us some more. my advice to you is -- let the buyer beware. you were going to get stuck. you are not going to like the results. in vancouver, they did not like the results of fortress. they lost river tonight in new york. you are going t