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We do think that we'll see another leg down from here, but when you peel back the onion, we don't think defaults rates will be as bad as some people think, yes, there are about 20-25 names that could be in danger, but we think many of them should be able to muddle through over the next year.

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    Quiz

    Are you a quotes master?

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    In which cartoon does this quote appear: "Rule number three, I can't bring people back from the dead. It's not a pretty picture. I don't like doing it!"?
    A Aladdin
    B Alice in Wonderland
    C The Jungle Book
    D Ice Age