First and foremost, I don't think anyone is suggesting that the banking industry or any of the manufacturers offer credit to people who aren't creditworthy or can't really afford a vehicle. That's not our practice.
The quality of paper we securitize through the ABS market is AAA. That's the highest credit rating you can get, and it offers a very good return and a great safety net as well. It's safe and it's well secured. But we have a long history of great financing and credit practices that really manage the consumers and help them with affordability that fits within their means. Nobody wins—manufacturers or the industry—if we finance vehicles to people who aren't creditworthy.
That's not what happened to the U.S. industry, by the way. It's not a result of the fact that the finance institution and the captives have been financing the people who aren't creditworthy. What's happened to the industry and what's plagued us here in Canada is that there's no ability to securitize paper, so we keep on taking loans, financing vehicles, and then we're holding that paper. And that's a big cash drain on our system. So we have all these notes that we're sitting on, and it's like oil in the car. We need to move those out, bring in fresh capital, so that we can keep that ball moving. That's really what the industry needs.
Now I'll let Caroline elaborate on that. Was that good?