I think you've hit the nail on the head.
The crux of the issue is that our members, these non-bank financing companies, relied very heavily on non-bank funding, on insurance companies and pension funds in particular, which would essentially buy the cashflow from a package of leases and loans, and then the leasing company would take the proceeds of the sale of the cashflow and put them forward for new credit. The simple fact is that because of the way the economic downturn has impacted insurance companies and pension plans, they have basically stopped buying.