You are correct. He emphasized the "strategy" which didn't get me too excited. The second speaker ended his comments with much more of a commitment to the current level(this is when I pulled the trigger for 2k shares at 18.06; the confim says 11:35am). When KK got the first question which was about the dividend, he didn't back off. The follow-up tried to link the dividend to an estimate of the unemployment rate which KK did not go for. He stood his ground saying things would have to go worse from here to effect the dividend. He emphasized that BBT is owned by the retail investor who is counting on the dividend and he, KK, intends to meet that expectation. KK is obviously no fool. He knows what's going on in the economy, he's aware of the trend, certainly aware of the criticism he'll face if he has to reduce it later, and he's taking a stand to hold the 1.88 dividend. I was impressed.