ðə pˌiːˌaɪkˈeɪ tˈɑːɡəl lˈɑːɹdʒli dˌɪsɐpˈɪɹd ɪnðə wˈeɪk ʌvðə kɹˈɛdɪt kɹˈʌntʃ, ðˌoʊ ɪn ˈɜːli tˈuː θˈaʊzənd θˈɜːtiːn ðɛɹwˌɜː sˈaɪnz əvə tˈɛntətˌɪv kˈʌmbæk.
The PIK toggle largely disappeared in the wake of the credit crunch, though in early 2013 there were signs of a tentative comeback.