Most of the rescue operations have been completed and they're moving into recovery mode,

We did our little modifications on a few things, so we're back in the operations mode.

There are rescue operations going on, but after eight days it's going to be a miracle

Now eight days are gone. There are still rescue operations going on. But they say technically after eight days, the chance of miracle saving is slim,

We'll be moving things out of our old range to new range operations,

The net effect was to induce a tightening mode in the markets, in bank lending and in total bank reserve growth, while [interest rates] rose significantly, especially for corporate bond issues. In retrospect, that's not looking very smart.