microphone and also jean taft who was instrumental in bringing me to this tend named for the great james michener of whom i am quite fund. and i would like to introduce you to a very interesting wall street event known as the auction rate scandal. auction rate securities scandal. before there was bernie madoff, before the mortgage fraud, before the september of 2008 melt down, there was the auction rate securities scandal. the auction rate securities scandal was the biggest scandal, the biggest fraud that wall street ever perpetuated up until that time. essentially it was a market fund just like your ordinary money market fund you find in debate or at your broker's. it was sold as completely safe, no problem, as good as treasury bonds, it will take you right to heaven, until it didn't. when it didn't there were $336 billion in cash frozen overnight by every bank, brokerage and securities dealer in the western world are none. it was take the money and run and that is what they did. they were not about to give it back. there was no way. we have a liquidity problem. we just can't afford to give back