Mr. Frank Daly:

Well, on a case like that, we do not pay for anything we cannot enforce, but what we will try to do then is remedy the security. So we will say to the debtor, you know, "We need you to sign new loan documentation to remedy the security." Clearly the debtor knows what the issue is. But I suppose he has to think in terms of this, unlike the banks who have five institutions, and he could say to one institution, "I do not need to deal with you because you know, that is your problem." Whereas with us, he was aggregated and we had a lot of levers to be able to encourage him to co-operate with us.