Jpmorgan as well that the position itself, that created the problem, is still open. so they talk about a $2 billion loss. it could be $1 billion, $2 billion, $3 billion. we just don't know. when they can crystallize the loss on this open position. the other side of the trade is the hedge funds, they're not necessarily going to let jpmorgan out of this one. >> steve sedgwick live in londzen, thanks so much. here at home, california's governor is proposing massive cuts and tax increases after we learned over the weekend that california's budget deficit has ballooned by nearly $7 billion. gover...