We had no asset-backed commercial paper up until September 2007, which was when the non-bank-sponsored part of the market froze. As I said in my earlier remarks, it was largely due to the lack of transparency and actually some of the hidden risks inside these instruments; they were effectively leveraged financial products.
When the non-bank-sponsored part of the market froze, the bank-sponsored part of the market spreads widened significantly, and that's when we decided to enter the bank-sponsored part of the market, because there was good liquidity, good transparency, in the underlying assets. These are traditional assets that are not leveraged, things like loans and leases and credit cards, over-collateralized and basically a very good risk-return sort of balance. So that's when we entered the market, after the non-banks--