Now that gets into the other side of the house, which is my side--the mortgage and insurance side of the house as opposed to the securitization side, which is where all these programs exist. All of these mortgages are already insured. As I said before, if we rerun our mortgage insurance program, just as any private insurer would, we price for the long term. Pricing for the long term means that our price includes provisions for economic downturns like the one we're experiencing now, the one we experienced in 1990, and so forth. So we are adequately provided for from a reserve perspective. We follow the Office of the Superintendent of Financial Institutions' capital rules. We have a target of 150% of their minimum, and we're actually well above 200%. So we are very well positioned to weather these economic storms. And the key drivers from our perspective--although you are quite right that house price declines are a driver--would be jobs. Unemployment rates would be a key driver.
On March 24th, 2009. See this statement in context.