But you took a huge bet on the housing crisis in the middle of the biggest boom in housing anybody has ever seen. Why?
I'm a child of the '50s. My father welded steel for the Navy, and my mother worked at the V.A. They lived through the Depression, Pearl Harbor, and the bomb. They didn't think that bad things might happen. They knew that bad things would happen.
Is that what's happening now?
When I was a kid, my favorite teacher was Mr. James. Mr. James said world events all revolve around five things. M - O - N - E - Y.