I think the key thing here is fundamentals. Fannie Mae and Freddie Mac I don't think have real assets backing mortgages which is the key difference with CarBiz. CarBiz has a real asset (ie a car) acting as collateral for a loan which is really Lending 101. If someone defaults, your last course of action is to reposses the car, sell it, and cover the loan. From that standpoint, Carbiz is covered. Fannie and Freddie can't say that. I think the ripple effect you suggest will have little or no impact on Carbiz. If you look at its business plan, see the fundamentals, and get past the hype and hysteria, I'm sure you'll agree.