Confusion Noise from Extreme-Mass-Ratio Inspirals
  Captures of compact objects (COs) by massive black holes in galactic nuclei (aka ``extreme-mass-ratio inspirals'') will be an important source for LISA. However, a large fraction of captures will not be individually resolvable, and so will constitute a source of ``confusion noise,'' obscuring other types of sources. Here we estimate the shape and overall magnitude of the spectrum of confusion noise from CO captures. The overall magnitude depends on the capture rates, which are rather uncertain, so we present results for a plausible range of rates. We show that the impact of capture confusion noise on the total LISA noise curve ranges from insignificant to modest, depending on these rates. Capture rates at the high end of estimated ranges would raise LISA's overall (effective) noise level by at most a factor $\sim 2$. While this would somewhat decrease LISA's sensitivity to other classes of sources, it would be a pleasant problem for LISA to have, overall, as it would also imply that detection rates for CO captures were at nearly their maximum possible levels (given LISA's baseline design). 
Leor Barack and Curt Cutler