[Rick Parker]

Needless to say the Banks have taken and continue to take some huge hits with real estate and we are ALL paying for it now. Consequently they are going to be very very conservative with any subsequent loans. They are now going to be fully and safely collateralized and protected for all unforseen circumstances. This means large equity or conservative Loan to Value ratios will be required in many cases. The favoritism that was previously rampant in many lending circles will be strangely absent. The regulators are only going to permit a round peg in a round hole, no more square pegs being made to fit by fudging on various factors, such as stated income etc. If it doesn't "Pencil out", it isn't going to happen. No one wants to be made an example of or get any bad press.