I cannot see how that was handled appropriately in their coming up with the $3 billion estimate. Based on what I read in terms of market growth assumptions, including the front page of yesterday's business section in the National Post, indicating that perhaps in 18 months 75% of the trust sector is going to be gone, I can't see how that could be feasible at all. I've crunched the numbers using various growth assumptions and I just don't see how it's possible to be correct.
On February 13th, 2007. See this statement in context.