and you are ratingdos, going ahead and reading them aaa. -- going ahead and breaking them aaa. --ating them aaa. >> we thought thatll the information that we had was relevant to the rating process. but the housing downturn, its magnitude, and how widely it was going to affect home prices nationwide. so as a rest, even though we felt we were including relevant information, and we thought we were using the best information that we had available inhe rating process, it proved to be insufficient. >> you could not wait until you foundout more from your rmbs side? or was the short-term pressure to great >> the opinions were available to the team's as they developed. we were trying to incorporate their chging points of view as we were looking at other securities related to the mortgage sector. >> in the benet of hindsight, there seems to be a rush to g this stuff done. it strikes me as central to your roleand you have a chief risk officer. and knowing the way in which these ratings were done, waiting t more information- we heard from a panel earlier today about the capital underlying