where i am from an alabama, jefferson county that was going to be the biggest bankruptcy of a city att time. into, we'relooked still dealing with this. most don't even know the jpmorgan was directly involved in that because they were making millions in fees. dealing with this issue in the $13 billion is a drop in the bucket when you list all the securities that were bundled up. talking about bernie made off, with their dealings with him -- on c-span's own website, there was a hearing exposing him. a lot of their. -- a lot there. can you address the tax write- offs? we think a portion of this will be tax-deductible. what is in question is how much. it is at the discretion of the government to allow jpmorgan to take as much or as little of this as it can in terms of tax deductibility. one thing i do know about how bet works is that there will a penalty portion of this .ettlement, about $2 billion there is no tax-deductible t around that. ability around that. there are lawsuits or probes, like what we saw last night with the fannie and freddie may settlement. this jpmorgan have to admit