Dave, you referred to narrowing credit spreads, and President Moskow did as well, as a positive aspect of financial markets. I’m wondering a little about that. People tell me that some of the reduction in credit spreads is due to the fact that there’s a lot of money out there chasing very few good deals. If one looks at the continuing pace of corporate downgrades and at the declining volume of corporate bond issuance and C&I loans, the question arises as to whether this is as favorable an aspect of the financial markets as we may be giving it credit for. I’m wondering if credit spreads might widen before they start to narrow again.