I think there's a degree of complexity that the market accepted. When we said we're not going to rate any more asset-backed programs with market disruption in January 2007, we almost got thrown out of Canada by investors, dealers, and others. There was quite a wave of innovation that spread through the planet, maybe driven by liquidity and too much leverage.
I would say three things. One, there's too much leverage in the global system. That has to rebalance. Number two, there has to be transparency and disclosure. To various members' comments, you've got to understand the assets; they've got to be identifiable. The third is complexity. If it's too complex, just say no. That's why we didn't rate some asset-backed commercial paper programs that came to us. We said no.