<p>I think there is some serious pain on WS now. Many Hedge Funds are TU. The stock prices besides Bear are way down and that’s big $$$ to those guys who get much of their bonuses in stock they can’t sell very quickly. Is it the same pain as some guy in Fresno losing his overpriced house–maybe yes maybe no. But I’m sure they are feeling it. They just don’t cry on camera.</p>