I would say we’ve looked at a lot of that. The one place I would highlight most articulately is the degree of international coordination and cooperation we’ve had under way. The core firms in the United States are one portion of this system now, with a number of ...

We need to be careful with the nomenclature. Stress testing right now in the industry encompasses a lot of things, and people will tell you that they do stress testing, but they are really doing static shocks. What we are talking about is not a historical analysis but a kind ...

Yes. My perception is that the people who were further down on the list made active decisions to get out of the business or reduce their scale of the business, not necessarily just on gut feeling but because they had invested earlier on in the staff and the models to ...

There is a large, independent SIV not affiliated with a bank, named Gordian Knot, that is still in existence. It’s under severe pressure, but it has been weathering the storm. One can argue it might have been more conservative than some of the other SIVs.