. >>> let's turn now to todd haguerman, managing director at stern a.g. todd, you've downgraded your buy order to neutral. tell us why. neutral still sounds like you have some hope there. >> well, i don't know if i'd say there's hope there. but basically as was reported in the story, the regulatory risk, the legal risk, i think people are really underestimated those factors going into the story into 2014 quite frankly. as you mentioned, we now have criminal investigation. certainly surrounding the money laundering. i would expect that regulatory action is going to soon follow surrounding the banamex situation. but more importantly, you've got a company where their expenses remain very elevated, notably tied to legal, and i should point out that they're little bit behind the curve relative to their peers in terms of settling some of these big lawsuits, which leaves some investors questioning whether book value might be subject to em pairment in the near future. at the end of the day you'll have a protracted legal and regulatory scenario which is going to keep p