We are facing an “information crisis,” since nobody knows how many times these risks have been transferred, nor where they are placed today, hence anesthetizing the credit market. Liquidity constraints have also created uncertainty as to the real value of these assets.
One of the best ways to do this is through appearances such as this one. Allow me to spend a few minutes on the highlights of the Report. I’d like to flag some important changes that were introduced with this issue. •  We have modified the Report to explicitly capture the uncertainty that is inherent in our outlook.