Richard here with great news and greater news. The great news: of every dollar you invested in our fund at the beginning of the year, you still have 72 cents. Not even sarcastically speaking, that's really good (those who don't think so are free to move their money to a fund run by Gendell). The greater news: my wife opened a new store which means more murses-- those highly fashionable white leather man purses I sport around town-- for me!
Perry Partners, L.P.:
As of close onDecember 31, 2008
Dec. 2008: -1.80%