all of these longer terms are pushing stacking to occur. the merchant takes on a 15 mo term and has to wait 9 months to get more cash. In those 9 months, if they run into a pinch, they start calling around for cash to brokers. so, in a effort to push terms and lower rates, it has created a underground operation for stacking. on the flip side, if the longer term wasn't avail initially, merchant wouldn't have signed w/broker to begin with. this is simply a quagmire in the industry now. it would be interesting to see any type of data that shows % of defaults that occur with stacks in the bz to see if it does materially cause defaults.