Then from a prudential perspective, as I have mentioned already, it is important to have better understanding of the actual losses in the banks’ books: that involves facing up to the unsustainable mortgages problem.
And from a macroeconomic perspective, having clarity about the size of this group, how many will be able to stay in their home through loan modification and how many will go through bankruptcy or debt settlement is important for the recovery of the housing market and the economy more generally.