[AndyYSCISOdept]

John, one would argue that the refi business was lost once we only partially fulfilled their funding needs or declined them for additional funding. The stackers didn't take away the refi. They were able to fill a need that you couldn't. As first position funders, we need to be able to create a captive market where our merchants have no need to seek funding elsewhere because we can provide a complete funding solution. If there are holes in our game, you can't fault other parties from exploiting them.

That was the best defense for stacking Ive ever heard! Kudos!