million loan for a panamanian company to a cyprus thatny and they assigned for one dollar to another company and then assigned it to another company for another dollar. in england, the version of this is guernsey. how is it perceived? john out this thisof is not about vladimir putin. it's about 11.5 million files from the fourth-largest offshore firm. if you are trying to conceal your wealth, that's not illegal but your issue is you are looking at a law firm you are with and how much protection they have. this is a huge security breach and it could be a massive issue for the rest of the year. you look at this come a lot of international banks are implicated in moving these funds around. wait until the authorities get into this. stephanie: other banks take it on the chin yo but when you are a regular bank, this is your business line. tom: i look at this as it unfolds and i think the important thing is it is completely different than wikileaks. there will be a lot of people dragged into this but out of it will come 20 or 30 unique stories that are very embarrassing. david: we have just