We have to come back to a market for these types of instruments, and to the extent that the mortgages are not bad mortgages, I think the plan put forward by the Caisse de dépôt to turn them into longer-term bonds, and also the plan put forward by the commission, which is headed by my favourite lawyer-friend who says those who need money immediately should be helped and those who can stand owning bonds long term should not be helped as much but should be owning the long-term bonds.... But we have to come to a marketability of these, and I think as far as the Bank of Canada is concerned, the best thing to do is to make money available to the banks so that at least the banks have money to lend and can support the economy until such time as this gets cleaned up.
On November 22nd, 2007. See this statement in context.