Is There a Liquidity Issue in a Bank Stock?

The bank announced a stock offering, I believe it was 1.25 billion of common stock and 500 million of preferred. They are better capitalized than they have ever been as a result of 2008, 2009,. That's why this is down to this magnitude. And the other thing he would say about this is when they made this decision, they knew the stock price would suffer. It's not as if this is a surprise to them necessarily. Butters' fact site earnings insight looks like we're declining in number of times recession has been used during fourth quarter conference calls.