>> yeah, well, it's fascinating because it's not the first time that america has faced a ratings downgrade. in fact, s&p took down its aaa rating on the united states a couple of years back here. so what does it mean if fitch now moves from this negative rating that they've imposed to a knockdown on the aaa? the question really is we don't know. i mean the answer is we don't know. in reality, it meant nothing when we saw s&p do it. in fact, if anything, it reinforced the view that the u.s. was still the best house in a bad neighborhood when you looked at the situation in europe and in emerging markets. but now we have the debt ceiling issue there and the prospect or the potential for a default may be that changing the situation anticipate tests the holders of treasury's nerves. we watch this carefully but no immediate reaction really in the fixed income markets. i want to move you on. there is another story that,