Larry Greenberg (Langen McAlenney): Can you move away from valuing the portfolio as if you own the underlying CDO and go back to some sort of CDS valuation, negative basis adjustment is that part of the thinking?
No, it's the market observeability will dictate any changes in methodology as of right now, we don't see any thing that will lead us to believe that the absorbability of negative spreads is any where near on the horizon. |