I want to focus on the Canadian government, because I'm seeing here that there may be a need for another round of mortgage backing. If we look at how much we're on the hook for in real estate, we're over a trillion. If the real estate market goes down 10% or 20%, we're going to be on the hook for the exposure to Genmark, AIG, and CMHC. That's going to require a couple of billion dollars. That might seem like chump change, but I think it's quite important to the average Canadian citizen.
There is talk that pension moneys may need to be backed or guaranteed. As for financial institutions, the banks are okay, but I don't think there are just banks out there. There are also other institutions that may need to be boosted.
I'm not sure what else there is out there. There are tons of things. That's one of the reasons we're having these hearings. This is not just about stability now, but future stability. What role is the Government of Canada going to play, and how stable will you maintain the financial market?
Let's talk dollars.