Exactly. Charles Kindleberger’s book [“Manias, Panics and Crashes”] lays it all out. In fact, Kindleberger and Minsky collaborated a lot. I didn’t know that. All you have to do is look through the annals of history, as Kindleberger did, to realize what the nature of the beast is, which is why I’m such a strong proponent of regulators, broadly speaking, trying to have counter-cyclical regulatory responses. But clearly that has not been the M.O. in recent years. In fact, during the whole development of the originate-to-distribute business model for mortgages and the creation of all the securitizations and the shadow banks and conduits, etc. (particularly CDS and synthetic CDOs), you had a great deal of cheerleading by the regulatory authorities. That’s my criticism.