But I would say that your question is legitimate given the concerns we have raised. It does speak to the administrative complexity. This is the whole point. Why does a guarantor exist? It's to backstop the loan so that ultimately if there is a default from the principal person, you would go to that source for funding. This is where you ask if it's practical. I can't pull a number out of the air where the practicality stops. That is the question that a bank will have to consider. Can an institution go to 20, 30, or 40 guarantors to collect on the loan that is in default? That puts into question, from our perspective, the practicality of it.
On November 1st, 2012. See this statement in context.