By and large, it's a form of recreational entertainment for folks to spend their discretionary income. It's one of the many, many entertainment choices they have out there today. |
Chase cards with blink, they're engineered, they're designed to be safe and secure. They have a special set of codes that are embedded in the microchip, and, so every transaction that someone does is unique. |
I don't think anyone predicted the appeal and the popularity it has grown to. A lot of that has to do with the sophistication and the science and the marketing. It's a game that appeals to those who are very competitive, like being on the edge, the risk, the strategy. |
No one wanted to bite into California until now because of the alleged black hope risk -- the fear that there would be a black hope on the asset quality side and maybe you were getting a lot more problems than you bargained for. |
What I think is going to happen now is we're going to look at how the market looks at the two competing bids, |