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It's the same thing. It's the same thing, Mike!
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You're managing a fund of, what, $555 million?
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In six years, it'll all be gone.
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On one bet.
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No, the second quarter
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of '07 is when the adjustable rates kick in.
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The defaults will skyrocket.
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Yeah. Says you.
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How much is eligible for withdrawal before they do?
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Say, in the next two quarters.
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If your investors panic.
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$302 million?