I don't see any way it will be down 20%, like people were predicting.

ABS (issuance) will be down a little bit in the coming year because most of the growth was in the home equity sector.

There is just plenty of supply. There are deals coming out everywhere.

We had a huge increase this year and it's unlikely that it can be sustained at that level. With interest rates moving higher, mortgage originations will be down a little bit, and as a result, securitizations will be down.

You kind of become surrogate parents.

The current situation is unacceptable. As we repopulate, stuff will happen. People using chainsaws will cut themselves, there will be auto accidents, and people will have heart attacks. We have to get up and running.