That's making the 60 cents (a share earnings) look a lot softer. We're not too concerned about it. But if you want to call this a hit, it's not the best hit we've ever seen.
In the end, there's a high likelihood that in ten years, Capital One will look more like a thrift. I'd be surprised if I don't hear them make another bank acquisition by late 2006 in hot markets such as Florida or Texas.