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said he has a look but does not want to use it -- what is the impact of seeing them fail? >> my view for the first week before lehman brothers said, it actually helped. you could see the spread come in a dramatically. the foreign investors and their securities were putting a lot of pressure -- >> the securities of of fannie and freddie? >> yes. i cannot make a judgment on the market more generally . . >> and helped the markets? >> i can't make a judgment. there was some stablelation and the lehman weekend. >> that would be because the guarantee have been hardened? >> yeah. >> mr. fal...