so do I. No, this is great though. I do want to go through this because this is important. So when the crisis started in 2007, even into 2008, even when it got bad with Bear Stearns and Marsh 2008, it was looking a little bit hairy, you had really smart people. And I would say like Ben Stein, who is the economist and lawyer, market commentator, but others that, and they said something along the following lines. There were $1 trillion of subprime and alt-A mortgages. I mean, everyone knew that the problem was in mortgages and housing values were going down. And that was the number. There were approximately $1 trillion of subprime, what's called alt-A. Alt-A are kind of funky, not very good mortgages, just not as bad as subprime. So $1 trillion was the number. Historically, default rates, even in a bad recession, seldom got above 5%. Usually 2%, 3%, 4%, 5% was really extreme. So what Ben Stein and others said, okay, let's get crazy. Let's assume 20% defaults. Nobody thought it would be (42/98)
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