We have to have the preferred status to make the company more cognizant of this, and then they're less likely to induce a bankruptcy to make profits. But if we leave it open, they can keep doing this, and $1.2 billion off your books is pretty darn good in comparison to other options. If they stayed solvent, that would take a long time to recover.
On April 13th, 2010. See this statement in context.