Mr. Karl Deeter:

I am just giving an alternative future to that situation. Let us imagine if we adopted this rule, we would all walk out of here happy with ourselves for having saved the future but then people could not afford to buy the houses that need to be sold at a certain cost in order to be justified. The rule further compresses the problem. That means when we eventually give in on loan limits, as everyone does and the same as they did back in the late 1990s, a credit wave would be created. The credit wave did not come in 1996 to 1998, inclusive, when there were double digit rises every year. It came along after that because we stymied the ability of credit to be created when it was needed. There are downsides for whatever one does. We are not going to win and no matter what happens we will have a housing crisis.