Thanks Perry, that makes sense. I get everything about the checks and balances but as far as the industry not wanting the word to get out to prevent everyone from wanting it or rewarding bad behavior, I don’t put enough faith in them as a group. They played a big role in what is now rocking the global economy all based in part on their greed and competition against each other. I don’t see them being in lock step as they go down, my guess is some will break away and try and save their own skin very soon. But I guess they are just acting like anyone would, smiling and extending credit while they make money and very cautious/suspicious while they are losing it.
