Because they wanted a 17-basis-point higher return. I assume they didn't do what I would have thought was appropriate risk management. But we know, through the work of Purdy Crawford and others, it took them more than a year to penetrate into that box to figure out what was in that box. So it wasn't that they could have got into the box if they'd put in another hour and paid that hourly rate. It took a big committee and a lot of lawyers a year to figure it out. And even then there were elements of what was backing those that were still not known.
On March 26th, 2009. See this statement in context.