All of our emergency credit facilities except for the TALF and TAF were shut down by the beginning of this month in response to improving financial market conditions. The TALF and TAF, meanwhile, are winding down. The final TAF auction will take place in early March.
*  *  Introduction  I am delighted to be here tonight to offer my view on the development in the financial markets. A little more than a year ago the financial markets were frozen and there was a well-founded concern regarding the financial and economic outlook. 2009 has indeed proven to be challenging in many ways.