so, to recap, the systemic risk exception was triggered for the trenton situation which was pretty dire. pretty significant. because of the exceptional risks triggered, the fdic effectively engaged in what i would call a bailout. the uninsured depositors were made whole. the shareholders were not, but the argument is that, that somehow prevented a broader panic or bank run in the markets and i'm curious if you could just take me back to that decision, coming up on a year ago, why did you think, given that svb was so focused on obviously the technology sector and the venture capital sector , the sector i know well, why did you think posed a systemic risk to the economy? or why did you and the board decide that? >> we were concerned -- other banks. and, the source of the problem, there were really two things that affected silicon valley bank. one was losses, mainly unrealized but nevertheless losses from a failure to manage interest rate risks properly. interest rates have risen substantially, and longer-term assets, the value of which fell in a high environment. and that was a risk that