The Latency Risk

Let's talk a little bit about trust and confidence. It's almost like giving a sermon but the important issue at the moment is to get trust and confidence back into the markets. That will come, but it will be selective and selected. People will not place their trust and faith in one universal institution as they have done before; there will be much more selection. In terms of the liquidity crisis, I believe we will see a pick-up in the late third or fourth quarter of next year. That is extremely