Then I Sold the Firm to American Express

The firm ran trouble because there was a people in the trading department exceeded limits on certain type of security and it ended up that interest rates went the wrong way. And know that we lost doubly on the trade. The impact of that, on a marked market basis, would have gotten close to wiping out the entire firm's equity. So you either bring in additional capital very quickly, before anybody knows you have that kind of severe problem, or you toend up selling the firm on an almost fire sale basis.