Mr. Frank Daly:

While I do not believe he knew anything that was confidential, that might not stop somebody making claims. Without referring to Mr. Cushnahan or anybody else, there are many people in this country, North and South, who put themselves about and say they have the inside track and the right connections to make this, that and the other. I do not know what he was doing. I could not say. I do not know in any great detail what his engagement with PIMCO was. However, once we were told he was to receive a success fee, it was fatal to PIMCO's involvement. I give PIMCO credit for telling us.