we were forced to hire a third consultant, the ecs firm at a cost of $5,000. we arranged a site visit with the expert and inspector burke to determine an appropriate level. at this time, we were not allowed to test at a level higher than 110db. when myself, andrew, and an engineer protested, burke stated that to test above 110db would be a violation of the sound code. we were bullied into this level. this was the second time that he intentionally set our db rating below what would be legally allowed by city code. inspector burk's visits to our female run establishment will have been rate with miss agony, convicting statements and behavior indicative of a bias. we all have the same experience. we were so threatened by his changeable behavior and illogical approach, we felt compelled to request a neutral party to observe the testing by the consultant we hired to assess our internal db limits. furthermore, and with great hardship, we were forced to test the sound levels off our roof and from a neighboring backyard in order for the testing to be deemed admissible

the private equity firms did to finance energy. clientsve years ago, would ask what is your energy strategy? ?hat you mean ec every meeting they had, they were like we need to raise money because the oil patch is great. if oil went down, there would be a problem. the same characters out there high netoney from worth individuals offering high return. they are greatly underestimating the risk of loss. 1990's and 2002 -- we saw it again in 2005, 2006, 2007 where there was a rush to do private financing. julia: are you comparing what could happen here with what we've seen in the past in terms of scale? troy: it is not systemic. it's not like a high-yield bond areet -- you 10-30,000,000,000 dollars -- $10-30 billion. it's not enough to bring the financial system down. remember the three things people do -- they lever up. we haven't seen that in any market other than equities. they get more concentrated. they get a lot less liquid. is where you will see the biggest losses down the road. scarlet: troy gayeski, senior portfolio manager at skybridge. let's get you the first word headlines. mark: investigators from th