Thank you.
There has been movement. The movement, unfortunately, has been contraction. The banks have further contracted and are moving away from our industry almost totally. We have seen banks change the terms of reference for loans prior to closing dates on properties and so on, literally walking in and saying unfortunately, because of changing conditions, we will have to modify the terms of our negotiation on the deal we had.
We had a situation last week where a bank walked into one of our dealers, a long-time dealer who has been in business for 40 years, who has a $1 million line of credit secured by a letter of credit from another bank for another $1 million, and the bank said they'd have to change the terms and increase it by 2%. When the operator questioned why that was necessary, the answer was, “Just because we can. You have nowhere to go.”