cannot make my payments of the drop off the keys and before long whole neighborhoods like the knicks arizona, las vegas, miami, and where there was said jay property boom were flooded with foreclosed properties. these properties were backing of the paper that had been sold by investment banking houses all over the world and held in banks as their own core capital but as people began to look at them they said we do not know what these papers are worth. we're not sure. is it worth 20,000, 50, 100? it is in default and we cannot assess a value. the banks therefore were unable to get additional capital because they did not have enough money to back up another loan from another bank's and nobody would loan to them and the credit markets seized up so nobody could get a loan. and because businesses could not renew lines of credit and others could not get money to buy houses, start businesses, could not get financing for a startup the whole economy froze up and things began to go into default. there are tremendous loans and companies that had gone out on a limb on the collateral debt obligations and