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Appropriate. Ok. After which you can can we go back to the, I assume, thefixed profits small business this quarter, just possibly getting a little bit additional coloron how a lot of the sub segments of fixed income performed. For the reason that if I form ofback out the marks, I get yourself a run charge of, possibly like $350 million in fixedincome, which I suppose, if we think, even a number of the structured no gains wentthrough there, it's possible even a little bit softer than that,.

We've now crossed the board, both fees, fairness and credit rating of allenjoyed very solid overall performance. We just experienced a very difficult operatingenvironment this quarter.

No, not at all. I believe there is nothing really new in this article.Derivatives have already been a point of existence for a very long time and we had a verysuccessful derivatives franchise which includes grown drastically over the past fiveyears.

Allow me to ask you an issue about the money. There is certainly not alot in your release over the equilibrium sheet. Maybe you can talk to us about yourcapital place at quarter conclusion, not simply in absolute conditions, but in expression of keycapital ratios--how They appear at the end of the quarter, provided the reduction inbook benefit, and kind of how that appears if you then layer within the capitalinfusion that is coming from CITIC, and no matter whether we should always think that, supplied themagnitude of the charges, you could be money constrained, or irrespective of whether you shouldwhere you almost certainly do not have to boost money?

Capability to make focus on listings to own your seemed into online video Internet backlinks stored in a selected classification until you want to make use of them over again.

And you claimed you experienced generate-downs of warehouse facilitiesthis quarter the amount of do you've still left on Those people services and just how much ofthose are actually prepared down?

Not surprisingly you will pay a person To do that to suit your needs. But we’re speaking about searching for the ideal guy, telling him specifically what you wish, having to pay him quite a bit and finally not like his get the job done. Income is shed as well as time, as well as the strain that presses us to move promptly.

Album Stomp is an excellent software for planning albums and Album Prufr is proofing albums exactly where your clients can preview and make variations. The organization provides a bundle option for all three on their own Internet site.

But when we glance Within the mix of that equilibrium sheet,Obviously property finance loan inventories are declining mostly for the reason that There exists extremely littleintake on the origination side, extremely low levels of warehousing for both CDOsor CLO pursuits practically very little in CDOs definitely.

Our effectiveness this quarter, and for the complete 12 months, isclearly disappointing, which isn't satisfactory to us. We've been absolutely committedand self-confident in our capacity to return the franchise check here to profitability in 2008.

Ok. Then just ultimately And maybe concern, but I'llgive it a shot in any case, I do not even be expecting to own pinpoint solution. But puttingthis calendar year aside, thinking of 2008 and just how firms are functioning.

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