I completely endorse it. My criticism was at the micro-end, if you will; that is, at the individual mortgage end. You're facilitating huge increases in losses. David Dodge's criticism is at the macroeconomic end, and it is also very compelling. He's saying that by reducing the down payment required when the economy is rising and charging forward, you're throwing gasoline on the fire and making the economy move towards if not hyper-inflation then much stronger inflation, and you should be doing exactly the opposite at that period. I completely agree with David Dodge.
