In addition to what has been happening in the financial markets--and we all know there has been quite a bit of turmoil there--in the last two quarters we've now entered into one of the more serious recessions that people can remember. From the banking side, I know that provisions for credit losses have been increased quite substantially. Our losses are going up.
In my opening remarks I said that we lend to individual businesses but that the lending rates are affected by the general environment that is out there. And the recession means that a lot of the loans are substantially riskier today simply because those borrowers are operating in an environment that is tougher for them. I think some of the increases in the rates we charge are reflective of the increased costs to us, but some of it is also reflective of the higher risk that is associated with this recession.
I don't know if I have a member who would like to comment on that.