the irish in particular, but also the greeks. it s also that behind that crisis of sovereign debt is a banking crisis that has not been resolved. the stress test was much weaker than this is was a stress test the way a dose of valium is not a test. it wasn t a test at all. i feel the crisis is close to slipping out of the control of the authorities. there is an assumption which is wide spread particularly in new york that somehow there wills always an rabbit to about pull out of the hat in the form some of kind of bailout that everybody s worries will go away prp i think we ve passed the point when this that can easily happen. do i not see how you can come up with an amount of money big enough to bail out the entire you re peep p european banking system unless there s significant money, more than so far, this thing will get very much more serious in the weeks ahead.