Well planned. Cerberus started a long time ago. A large portion of those net realized and unrealized losses are primarily held in the securitization structures, Orkney Re and Orkney Re II. It is important to remember that Cerberus recently purchased $700 million of the $850 million Orkney notes outstanding. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=42296649&txt2find=cerberus