shepard: a breach in the wall sounds like it was just more of a soup there. guest: well, that is what we don t know, right? in the final days, all cash is fungible, the firms are financed by customers deposits that you are supposed to keep segregated ones here and nonsegregated ones you can use. this was a $40 million balance sheet, but it is a lot of money. something is lost in the mix, and, you know, a lot of eye on it right now. part of the thing is you are supposed to have a certain amount of money on hand to cover the debt that you have outstanding, that is pretty bake, we all understand that. guest: it is basic although when the markets start moving and turning on you and clients keep running away at once, we all know about the run on the bank, the bank doesn t have your money sitting in a vault it has everyone s money plus a lot they borrowed against it, so they got caught in that trap here, you had trading partners call are