The problem I have with your assertion is that as of 31/12/2007 WMI had $18.9B in Retained Earnings as stated in the 10K dated 29/02/2008. Are you inferring that between 31/12/2007 and 26/09/2008, WMI went from having a +$18.9B surplus to a -$20B deficit ($38.9B aggregate loss)??? I'm a bit confused by that claim.