you didn't answer mr. posey. so it appears that you were not there, so when you were something with other firms, did you get to sit in on senior management meetings at those other firms as a risk officer? whatever level you were. >> at meetings that were appropriate -- >> ubs, did you get to sit in the things we are talking at the risk of the copy, the future of the company? >> the -- >> just yes or no will work. >> i'm sorry? >> yes or no work. did you sit in on key meetings when the future of the company was at stake? >> at ubs, i did not sit in at the highest level. >> you were not, is that right quick you are not? okay. so friday october 21, you had that management team, need with moody's. did they come back and report you kind of as a chief risk officer that things might not be going so good over there, they were now worried a little bit about what they were seeing. did they come back and relay that to you, the chief risk officer? you're the head guy in charge. you're not wearing a hard hat in the risk manag

. >> let's go to mr. posey. he is recognized for five minutes. >> thank you very much, mr. chairman. it appears in trying to put the pieces of the puzzle together that mr. roseman was a chief financial officer until he stopped telling mr. corzine what he wanted to hear. and then mr. stockman was hired to tell mr. corzine what he wanted to hear. just saying. that's clearly how ate pears so far. i red an article sold out. private meeting between government regulators. i'd like to begin by asking mr. stockman just a few questions about that meeting. do you know about the meeting with the sec, jp morgan, goldman sachs and others? >> no, sir, i wasn't involved with those meetings if i understand which ones they were. >> do you know about the meeting? >> i was aware but not involved with those meetings. >> do you know the names of those who were there? >> i do not. >> how did you find out about the meeting? >> if it's the sec meetings that you -- that you are referring to, some of this was in the public and as a general matter, you know -- >> rumor mill? >> i couldn't -- i don't

you didn't answer mr. posey. so it appears that you weren't there. so c. when you were -- you were something with other firms. did you get to sit in on senior management meetings with those other firms as a risk officer? whatever level you were? >> at the -- at meetings that were appropriate to -- >> so did you get to sit in on things where you talk about the risk of the company and the future of the company? >> yes or no will work. >> i'm sorry? >> yes or no will work. did you sit in on the key meetings where the risk of the company is at stake? >> at ubs, i did not sit at the highest level meetings. >> you were not? is that right? you are not. okay. so friday, october 21st, you had that management team meeting with moodies. did they come back and report you to kind of as a chief risk officer that things moo it not be going so good over there. they're now worried a little bit about what they're seeing. did they come back and relay that you to, the chief risk officer. you're the head guy in charge. you're right up there with the fancy pinstripe suit guys.

i now yield to mr. posey for two minutes. >> thank you mr. chairman. trey transformation in which they went from the liquid state to the gaseous state in other words just of the brightest. in your experience, is that possible? >> sir, else i mentioned before, i have no specific knowledge of customer funds. >> they pay three ander $50,000 a year because you got 25 years of experience in this business and you can't answer a simple question as to whether or not you think assets can just vaporized like there's nobody to blame it isn't god's fault, they just the brightest, it's the corporate measure. t you think that's possible? >> i think that there is a team of experts going through the details, and in my experience -- >> as a $350,000 a year expert you have no idea what's possible for money to vaporize? that's good. >> you are fully aware of the rules requiring the council has to be segregated and protected at all times was mr. corzine aware of those requirements? >> i would be speculating, but i imagine that he is aware of those. >> how about larry ferv

. >> i recognize mr. posey from florida. >> thank you mr. chairman. just a few general accounting questions. of a company that your reading rating has a commodity account like exxonmobil is the value of the cash or treasury bills in the segregated customer account assumed to have full value? yes or no, each of you please. >> yes. >> yes. >> only one of you has an opinion? >> i don't know the answer to that. >> so we have a don't know from mr. parmelee, i i guess for mr. cantor. >> i believe the answer is yes but unfortunately our system takes care of that in i don't -- >> so we have a don't no, a yes and i believe it's yes. assets on a balance sheet can appreciate or fall in value be sold a retransfer. do we all agree? they could also be stolen. do you all agree? let the record show they all agree. have any of you ever heard of them being quote vaporized" matt? >> yes, sir. >> no. >> no. >> let the record show they all said no. >> how would you treat assets on the balance sheet of those assets had been stolen? or just to save time is it correct to ass

. >> mr. posey from florida. >> thank you, mr. chairman. just a few general accounting questions. if a company that your rating has a commodity account like, say, exxon mobil. exxonmobil, is the height of catcher treasury bills in a segregated customer accounts assume to have the full value? yes or no, each of you please. >> yes. >> only one that hasn't been? >> i don't know the answer to that. >> i'm sorry? >> i don't know the answer to that. >> we have a don't know for mr. parmley, a just fermented castor to shut a yes from mr. cantor. >> don't know, a yes and a believe it is yes. assets and about she can appreciate or falken tire, be sold or transferred, and we all agree to? >> let the record show you all agree. >> potentially they could also be stolen. do we all agree? >> yes, sir. >> let the record show that all the great. >> have any of you ever heard of them being quote a verizon? >> no, sir. >> no. >> okay, let the record show that all said no. how would you treat assets on a balance sheet if those assets had been stolen? or just to save time, is it correct to assume that

mr. lynn and steve mcqueen. >> -- janice joplin. and steve mcqueen. >> there is no euphoria like last february. but they still packed the at&t park for the annual fanfest. >> one of the themes will be buster posey'sovery. another story line to watch. he wasn't on the opening day roster last year and went 13-7 after replacing barry zito. spring training is coming up and pitchers and catchers report in two weeks. >>> kickoff is still hours away from the new york giants and the new england patriots facing off in super bowl 46. but yesterday, the giants were super bowl champions for a few minutes. according to the team's website. this is what it looked like at giant's.com. the nfl said it is a common practice to create web pages in advance. the hidden url is made available while it is being positioned on the server for a post later today. americans are spending bigful and it shows the average super bowl watcher will shell out $64 on game-related items including snacks. >> that is up 59 from last year. they found 5.1 million people will buy a new tv to watch the game that is up from people from last year. >> lots of tvs. hopefully they don't get returned this coming week. >> if you don't want to watch