Tim Buckley: John, to point out the evident, we’ve observed massive declines in revenues for corporations and for municipalities. So, a ton of people today are chatting about what’s the fallout? Are people today lacking payments? Will we begin to see downgrades of bonds, defaults? What will the workouts search like? Can you give us some viewpoint about how your team’s thinking by way of this?
John Hollyer: Guaranteed, Tim. And you are right—this is a time when there will be downgrades and there will be defaults. But let’s hold it in viewpoint. If we search at expenditure quality