English to Dutch Bus/Financial Finance (general)

The earnings of $394 million were down 56%. This business was significantly impacted by the recent upheaval in the financial markets. Over $400 million of the negative marks we had in the quarter -- marks and impairments -- were in this business. I'm going to cover the details of that on the next page.

En ook:

We had $533 million of negative marks and impairments in the quarter. If you look at the right side, I have broken those out by a couple of categories. The first category is investment impairments. You know, we have $43 billion of assets in investment securities, mostly from our insurance runoff business and also our guaranteed investment contracts. We have listed the largest items that impacted us here, including the WaMu bonds. Those were impaired the Thursday night after our preannouncement, so the volatility did not stop the day we did a preannouncement. It has continued.