theauther, thomas stanton will provide us with exactly how any discussion of which firms were able to utilize this information as knowledge dispersed within the firm. let me go back and remember when i first came to washington after a doctorate in one of first books i was exposed to as tom's book he wrote in 1991 title the state of risk for the government-sponsored enterprise -- clearly tom was years ahead of his time and unfortunately his predictions came out to be all too accurate. he has had a long track record as one of the foremost forecasters at the state of the financial services industry in terms of policy. when he is not writing books he spends his time as a fellow at the center for advanced governmental studies at the johns hopkins university. tom also served as the financial crisis and great commission and well in my opinion very few things i would disagree with the commission's findings one thing that i know for certain is the commission's report and work is far stronger because of thompson colman. the book here today is also informed largely by tom's experience on the com