Host: So Todd what is your expectation as the way the market will treat these banks from here because the message it seems from you is that, look, trying to get a book value for these businesses at this point is nearly impossible?

Todd G. Everts: It is very difficult because of the various ways that they book their income as well as their exposure but I think it’s important to remember that the cash is obviously king and over the next few days we should continue to see a lot of volatility in the US markets simply because this was a knee-jerk reaction, this was a way of applauding the Fed, thanks for the 50 basis points but now let’s get back to the problems. The problems are the sub-prime event has not been fully played out. People can’t pay their mortgages, the consumers are not going to be spending that much this Christmas as they have in the past and the dollar’s going to continue to be weak.

Host: So thank you for your time. We’ll catch you on another occasion. Todd Everts, the CEO of Wall Street Global with us from Hong Kong.