Let me stop you there, sir, because that's not actually what I asked.
You referred to the fact that there were some players out there who said, “I've got $100 in here as security against your need for $100.” We'll use small numbers that make sense for me. But they play to $110, even though they own $110 there. So I buy an insurance policy for $100, but I play to $110.
Can you tell me how that $100 insurance policy will backstop the $110 of risk I actually participated in? Your explanation to Mr. Hoback was about somebody who played beyond his security. Well, you can play beyond the insurance policy. The insurance policy is security as well. What you're suggesting is that it's a security instrument. So how does the insurance policy stop someone from playing beyond their security? I don't follow that one. You're suggesting it can, unless there is a different answer now.