"Well, yeah, that and also the disappointing fact that in the recent period of the last year so, you know, you see Madoff was head of NASDAQ at one point, you see other prominent people, and becomes even more disappointing, Colleen, to see people who you would think have some modicum of creditability, um, you know, and wholesomeness, and you find them right in the middle of a very very intense set of you know, fraudulent facts. So that’s disappointing."

"I should mention too, he's got offices in California, China, Taiwan, India. He lives in New York, we'll quick, if you will, on the issue of the wiretaps."

"Sure."

"Um, is that gonna send a bit of chill for other hedge fund managers?"

"No, no, I think that's a good point I mean. Um, I think that may be part of the reason why law enforcement did that to say everybody is beyond notice now. While it’s unusual to get a wiretap in an insider-trading case, or securities fraud case, we're gonna do that. So I think we'll send the big message, I think that's right."

Vocabulary:

1. wiretap: the action of secretly listening to other people's telephone conversations, by connecting something to the wires of their telephone

2. Galleon: Gallen Group is one of the largest hedge funds in the world, which was founded by Raj Rajaratnam in 1997.