The document discusses the collapse of CL Financial in 2008-2009 and the response by government officials. It notes that Michael Carballo stated in November 2008 that CL Financial was not exposed to any particular industry, despite having $100 billion in assets. However, the Central Bank met with CIB officials on January 15, 2009 about liquidity problems, and the Inspector of Financial Institutions affidavit in April 2010 said CIB was not maintaining proper financial standards. The document questions what government officials knew about the problems at CL Financial and its subsidiaries like CIB, and when.