C’mon, It’s A Wonderful Life. Clarence? Zuzu’s Petals? Buffalo Gal? You can hardly have missed it, before A Christmas Story it ran 24/7 from Thanksgiving to Boxing Day.

It’s a bigger problem than you think. Not only are arrears due in a lump at the expiration of the moratorium, but they’re mostly uncollectable so valuations in derivatives are going to crash like a stone.

We’ve seen this play before in 2007 – 08 for those who have the attention span of a May Fly.

Think I’ll have another Martini. Who was that drunk guy anyway? Said he knew you.