How big were the losses in '08? And, it's not just the total magnitude of the losses. Who takes them and how they take them makes a big difference. Hopefully

How big were the losses in '08? And, it's not just the total magnitude of the losses. Who takes them and how they take them makes a big difference. Hopefully there's nothing pseudo-bank-like waiting in the weeds (like the repo market or reverse repo or whatever it was) that can make this blow up into a bank-panic-like situation...