It sounds simple, but it isn't. It's really detailed work.

It's a short meet, so anything can happen. Garcia is getting on some live horses for some top barns, so he might have a good shot to pull off an upset if he avoids suspensions and injuries.

This is an ongoing thing. We anticipate there will be another report. We didn't want people to think DOT was the only player in this. There were other agencies involved, both state and local.

As it's a community college, Wake Tech is audited on a pretty frequent basis. When we conduct their next full financial audit, this will be one of the first things we look at, to make sure they've cleaned up their disclosure procedures.

Particularly with the volatility in the stock markets and bond markets, they ended up undervaluing the investment assets by about $130 million. When you understate the value of the state's assets by $130 million, which is fairly big piece of change, it could have some affect on investment decisions and potentially on bond ratings.

It apparently was a similar type deal. They operated the same pitch, the same approach, no matter the government level.